3 reasons why Pepe poised for another 70% jump by July

PEPE Price Surges 17.85%, Eyes 50% Gain by June End

Pepe (PEPE) experienced a 17.85% surge two days after reaching a low of $0.00001300, as predicted by Cointelegraph earlier. The price currently stands at $0.00001340 on June 12.

Bullish Indicators Point to Significant Price Increase

Several indicators suggest a bullish outlook for PEPE, potentially leading to a notable price appreciation of 50% by June's end.

Rising Wedge Pattern

The rising wedge pattern in PEPE's price indicates potential gains of up to 70%. The price is hovering near the pattern's lower trendline, suggesting a likely rebound towards $0.00002661.

Whale Accumulation and Support Levels

Large investors continue to accumulate PEPE, signifying confidence in the market. The percentage of supply held by the largest holders remains around 96%. Additionally, the 50-day EMA and 1.0 Fibonacci retracement line provide support at the current price levels.

Market Reactions to Fed Decisions

Expectations of a potential interest rate cut by the Federal Reserve in September bolster PEPE's upside potential. Lower bond yields may increase demand for risk assets like cryptocurrencies, including memecoins like PEPE.

Conclusion

Based on these bullish indicators, PEPE could experience a significant price increase of up to 50% by June's end. However, it's essential to conduct independent research before making any investment decisions.