PEPE Price Prediction: Will the Meme Coin Break Out of a Bullish Pattern?

PEPE price is following the broader market cues which are keeping the meme coin from breaking out of a bullish pattern.

PEPE price is showing signs of strength as investors are buying up the meme coin in large quantities. However, despite this buying activity, PEPE’s adoption rate is remaining stagnant.

This lack of interest from new investors could pose a threat to PEPE’s future growth.

Without fresh capital, the altcoin’s broader market appeal is limited, putting its future viability at risk.

If PEPE continues to struggle to attract new investors, its momentum could falter, potentially leading to a price collapse.

PEPE price is currently showing resilience at the support level of $0.00000756. At the time of writing, the meme coin is trading at $0.00000766, having remained above this support for the last 72 hours.

The mixed sentiments coming from investors could extend this effort, and the meme coin could continue moving sideways. But a jump from this point could help PEPE rise and breach the upper trend line of the descending wedge.

This bullish pattern suggests an 81% rally is likely upon breakout, which could bring it closer to the all-time high of $0.00001725.

On the other hand, there is a chance that demand among PEPE holders will eventually decline.

The eventual combination of low traction and low demand could tip the scales in favor of the bears.

As a result, the meme coin will end up falling to test the critical support of $0.00000633. Losing this level would invalidate the bullish thesis completely.

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