The post Can Smart Money Catalyze PEPE Coin’s 285% Potential Gains appeared on BitcoinEthereumNews.com.

PEPE coin was one of the meme coins that made massive gains in 2024. Traders need to be watchful not only for its price action but also for the activities of the smart players on the altcoin. PEPE formed a bearish reversal pattern through the rising wedge formation on the 2-hour chart, which also provided for a potential bullish continuation. Why Does PEPE coin Need More Than Price Action to Move? PEPE, as of press time, slightly surpassed resistance at the price level of $0.00000800 to $0.00000823 while under analysis and was trading at $0.00000789. The support level came in at $0.00000740, a zone where small candles reigned. It is an indication of the fight between bulls and bears within the wedge pattern. A breakdown by PEPE below $0.00000800 with a price fall below $0.00000740 would form a bearish breakdown. That would drive the price to $0.00000680 or lower. PEPE/USDT 2-hour chart | Source: Trading View The price action would be altered if PEPE breaks above $0.00000840. This action would negate the bearish setup to trigger further rallies to $0.00000900 and perhaps even $0.00000950. The rising wedge continuation pattern could be a sign of an upcoming price decisive move. It could lead to lower PEPE values based on the intensity of buyer and seller activities. How Liquidity Initiated The Upward Movement Based on internal and external liquidity analysis, PEPE revealed a potential bullish reversal, with price action portraying a 13-day uptrend following a sweep in liquidity at $0.00000589. This uptrend hinted that PEPE could be destined for the buy-side liquidity at $0.00002384, a potential 285% rise if it achieved its December highs. The broken downtrend line suggested a potential switch to bullish sentiment. However, the MACD line signaled a weak bullish crossover, with the MACD line crossing over the signal…

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Filed under: News - @ March 26, 2025 4:25 am