PEPE showed a promising 17.85% rise to $0.00001340 on June 12, supported by increased trading volumes and a rebound from its lower trendline in a rising wedge pattern. This pattern suggests potential support, aiming for an upper trendline target around $0.00002661, indicating a potential 70% increase.

Critical support levels like the 50-day EMA and 1.0 Fibonacci retracement line bolster this bullish scenario. Stable whale accumulation, with major holders retaining 96.02% of PEPE supply, and active retail accumulation further enhance market confidence.

Expectations of a Federal Reserve rate cut in September also support a bullish outlook for PEPE and other cryptocurrencies, as lower bond yields increase interest in risk assets like memecoins.