Pepe Surges 17.85% with Strong Bullish Indicators Pointing to a Potential 50% Rally by June’s End

On June 12, Pepe experienced a significant 17.85% surge, reaching $0.00001340. This upward movement was marked by increased trading volumes, indicating stronger trader confidence and potential for further growth.

Three key indicators suggest a bullish outlook for PEPE, predicting a possible 50% price increase by the end of June.

1. Technical Analysis:

   • Pepe's price has rebounded from the lower trendline of its rising wedge pattern, indicating potential support and a likely upswing towards the upper trendline at around $0.00002661.
   • Support is also provided by the 50-day exponential moving average (EMA) and the 1.0 Fibonacci retracement line.

2. Whale Accumulation:

   • Whales (investors holding 1 billion or more PEPE) have maintained their positions during June's price correction, indicating market confidence.
   • Smaller holders (10 million to 100 million PEPE) have been actively accumulating during price dips, suggesting increased retail investor participation.

3. Economic Outlook:

   • Expectations of a potential Federal Reserve interest rate cut in September have contributed to lower bond yields.
   • This reduced opportunity cost for holding cryptocurrencies may increase demand for memecoins, including PEPE, in June.