As the crypto analyst explains, falling wedge pattern formations have historically been known as one of the better and reliable bullish reversal setups. Thus, it is expected that it would play out in a similar manner for the PEPE meme coin, eventually leading to double-digit price gains.
Once confirmed, the next step is the PEPE price going on a major rally. This is where the real fun begins, because the falling wedge pattern signals the start of another breakout. As more investors pile into the meme coin, the possibility of this rally starting becomes higher.
Furthermore, there is the possibility of a bullish continuation, and in this case, the price could see up to a 90% increase, and even double in the best-case scenario. However, a rally to an all-time high will remain elusive unless bullish momentum continues to rise and buyers are able to take full control of the price.
