Recent performances of Pepe Price have not been up to the explosive gatherings that the meme currency has become known, slowing down in the last year. However, with the transition to the last quarter of the year, the luck of the meme currency seems to turn after taking a rally of over 10% during the weekend. The possibility that the Pepe Price Rally manifestation is now even higher after the formation of a drop in falling wedge that indicates more bullish movements.
Pepe Price shows a rise with the drop in the Cuneo pattern
A cryptocurrency pseudonym analyst on the TradingView website has painted a rather bullish picture for the short -term pepper price. According to the shared analysis, the first sign of Bullishing was the emergence of a cuneo model that falls, something that indicates that the meme currency is incredibly confident from here.
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As the cryptographic analyst explains, the formations of pattern in Cuneo di Fall have been historically known as one of the best and reliable upward revision configurations. Therefore, it is expected that it will take place similarly for the coin of the meme pepper, finally leading to increases in two -digit prices.
An important thing that the cuneo model in fall indicates is that the sellers are running out of steam. Once this happens, the question has time to resume, and this leads to the first phase of the inversion, as seen during the weekend. Until the volume continues to hold the highest, this model could see a confirmation.
Once confirmed, the next step is the pepper price in a large event. This is where real fun begins, because the Cuneo pattern that falls marks the beginning of another breakout. As multiple investors accumulate in the meme currency, the possibility that this event began becomes higher.
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How much will the price go up?
If the breakout is confirmed, the Crypto analyst is already defining this high -level trading opportunity for investors. The pepper price will rise above $ 0.000018 following this move, which would mean an increase of over 60% of the price.
Also, there is the possibility of a bullish continuation, And in this case, the price could see up to an increase of 90% and even double the best scenario. However, a manifestation towards a historic maximum will remain elusive unless the upward momentum continues to climb and the buyers cannot take full control of the price.
First floor image from Dall.e, tradingView.com graphic