According to crypto analyst @CryptoELlTES, PEPE meme coin may be gearing up for its biggest rally yet, presenting a potential 40x growth opportunity.
Technical Analysis of PEPE
The analysis by @CryptoELlTES indicates that the PEPE price is moving within a clearly defined ascending channel. This structure typically forms when an asset gradually builds upward momentum, bouncing between two rising trendlines that act as support and resistance.
Prospects for 40x Growth
If PEPE's price can break above the upper boundary of the channel, it could lead to a parabolic move. According to the chart, this could elevate the price from current levels around $0.000011 to nearly $0.0004, aligning with @CryptoELlTES's prediction of a 40x rally.
Overall Outlook on PEPE Meme Coin
As long as the ascending channel remains intact, the bullish outlook for the PEPE meme coin remains valid. @CryptoELlTES suggests that this latest bounce could signal the beginning of a move that finally breaks the top of the channel, aiming for the 40x target.
PEPE meme coin may be on the brink of significant growth if its current price structure remains within the ascending channel.
