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Strong bullish indicators for PEPE coin with targets at $0.00001625

A close examination of the daily chart for PEPE coin has revealed several positive signals, including: the formation of a Falling Wedge pattern, which is a technical pattern that typically indicates a strong bullish reversal, especially when it forms after a long decline, and testing the ascending support line as the coin found strong support at the ascending trend line connecting its lowest levels since last March, and breaking moving averages as the price successfully surpassed both the 50-day and 25-day moving averages, enhancing positive sentiment.

Experts outline several potential scenarios:

1. The bullish scenario: If the momentum continues, PEPE coin could target the level of $0.00001625 (the previous high in May), representing gains exceeding 70% from current levels.

2. The cautious scenario: Any drop below $0.0000080 could invalidate the positive outlook and indicate a return of selling pressure.