Why PEPE could rally 29%

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Why PEPE could rally 29%
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PEPE (PEPE) price broke out of a descending channel pattern, surging by 12%, but is currently experiencing a corrective pullback, trading 2.3% lower at $0.0000121 as of Wednesday.

Pepe price breaks out of the descending channel pattern, signaling a change in market structure from bearish to bullish. On-chain data shows that

's Long-to-Short ratio stands at 1.66, hinting at potential upcoming rallies for the cryptocurrency. /USDT daily chart Based on IntoTheBlock's In/Out of the Money Around Price , nearly 8,420 addresses accumulated 26.14 trillion frog-based meme tokens at an average price of $0.0000110. These addresses bought

's case, the Long-to-Short ratio is at 1.66, which suggests that approximately 1.66 times as many long positions are open as short positions, signaling a bullish sentiment by

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