Pepe coin price could surge as Reddit Army plots to Pump

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As a seasoned crypto investor with over a decade of experience in this dynamic market, I must admit that the recent buzz surrounding Pepe coin has piqued my interest. The potential pump, as predicted by Chandler Bing and the Reddit Army, coupled with the technical analysis pointing towards a strong bullish breakout, is indeed intriguing.

Over the last fortnight, the value of Pepe Coin has remained relatively stable due to a temporary pause in its recent surge.

Enthusiastic cryptocurrency experts anticipate a potential surge in the value of the coin, bolstered by the Reddit community’s strategy to boost its price.

It’s likely that the price of Pepe (PEPE) may become more active following a suggestion in a popular Reddit community. A post on the r/Pepecryptocurrency forum indicates a planned purchase of Pepe coins at noon EST on December 3rd. This event is significant as the subreddit boasts over 18,000 members.

As a crypto investor, I’ve been closely watching the Pepe coin, and it seems like the anticipated pump is unfolding just as predicted by analysts. In a recent post, Chandler Bing – a well-known crypto expert – pointed out that the coin was forming a falling wedge, indicating a strong bullish breakout was imminent. It appears we’re witnessing this powerful rally now.

$PEPE is currently in the final phase of the catapult-to-the-moon pattern. 🐸📈 #pepe

— Chandler Bing (@chandlerbingpl) December 3, 2024

Pepe Price Technical Analysis: Extremely Bullish Above $0.00002577

Looking at the day-to-day graph, we notice that Pepe coin reached a peak of $0.000025 in November before dropping to $0.00001728. This drop is significant because it marked the upper boundary of the cup and handle pattern that emerged between May 2024 and this current November.

A C&H pattern takes place when a financial asset approaches a significant resistance barrier, experiences a gradual decline, and eventually forms a round base or trough. Subsequently, it surges again and tests the original resistance level once more. This pattern is quite common and highly regarded among traders as a bullish sign in the market.

In a similar vein, a ‘break and retest’ is a favorable indication as it often signals the continuation of a trend. This occurs when an asset initially breaks out and subsequently follows through with its initial movement or pattern.

Pepe’s chart shows signs of a bullish pennant formation – this pattern includes a lengthy upright section and a symmetrical triangle shape. Typically, such a setup leads to a powerful surge in the bullish trend.

The chart pattern suggests an inverted head and shoulders configuration, which typically indicates a bullish trend ahead. Consequently, there’s a possibility that its upward movement may persist over the coming days.

If the coin surpasses its highest point this year, it would indicate a full bullish breakout. In such a scenario, the price might increase by approximately 50% as investors aim for the significant resistance level at $0.000030. Conversely, if the price falls below the support at $0.00001728, it would contradict the bullish outlook.

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2024-12-03 16:32