PEPE Coin Price Prediction: PEPE Poised to Pump 50% as Reddit Army Plans to Buy

PEPE coin price has been in a tight range in the past two weeks, as the previous rally took a breather. Cryptocurrency analysts are optimistic that the coin could stage another rally, helped by the Reddit Army, which is planning to pump it.

Pepe coin price has been moving within a tight range in the past two weeks as the coin’s previous rally took a breather. However, cryptocurrency analysts are optimistic that the coin could stage another rally, helped by the Reddit Army, which is planning to pump it.

Rising odds now favor the Pepe (PEPE) coin price activity following a potential pump highlighted by a popular Reddit channel. According to a post shared by the Pepecryptocurrency channel, users will be purchasing Pepe coins on December 3 at noon EST. The event is significant considering that the Subreddit has over 18,000 members.

The development comes as crypto analysts have been anticipating a strong bullish breakout for the coin. In an X post, Chandler Bing, a popular crypto expert, noted that the coin had formed a falling wedge and was set for a strong rally.

$PEPE is currently in the final phase of the catapult-to-the-moon pattern. 🐸📈 #pepe pic.twitter.com/eSIWocagxw

Pepe Price Technical Analysis: Extremely Bullish Above $0.00002577

Shifting to the daily chart, we observed that the Pepe coin price rallied to a high of $0.000025 in November before pulling back to $0.00001728. The lower side was significant as it was the upper side of the cup and handle pattern that formed between May 2024 and November this year.

A C&H pattern is formed when an asset rallies to a strong resistance level, drops slowly, and forms a rounded bottom. It then rallies and retests the initial resistance point. It is one of the most bullish patterns in the market.

Similarly, a break and retest is a bullish signal as it is a popular sign of continuation. It usually occurs when an asset breaks out and then resumes the continuation patterns.

Pepe has also formed what appears to be a bullish pennant chart pattern, which consists of a long vertical line and a symmetrical triangle pattern. It usually breaks out to the upside with great momentum.

The coin has also formed a bullish inverse head and shoulders chart pattern, which is another bullish sign. Therefore, we expect the coin to continue rising in the coming sessions.

A strong bullish breakout will be confirmed once the coin manages to close above the year-to-date high. If that happens, the coin could rise by about 50% as bulls target the crucial resistance level at $0.000030. On the flip side, a drop below the support at $0.00001728 will invalidate the bullish view.