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Pepe

Pepe coin price has been in a tight range in the past two weeks, as the previous rally took a breather. 
Cryptocurrency analysts are optimistic that the coin could stage another rally, helped by the Reddit Army, which is planning to pump it.&nbsp; 
There are rising odds that the Pepe (<a rel="nofollow" href="https://x.com/chandlerbingpl/status/1863737619680501887" target="_blank">PEPE</a>) price will see more activity after a popular Reddit channel pointed to a potential pump. According to a post in the Pepecryptocurrency channel, users will purchase Pepe coins on December 3 at noon EST. This is a notable event since the Subreddit has over 18,000 members.&nbsp; 
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 <img loading="lazy" decoding="async" width="1024" height="715" src="https://crypto.news/app/uploads/2024/12/Pepe-Pump-Reddit-1024x715.jpeg" alt="Pepe coin price could surge as Reddit Army plots to Pump - 13" class="wp-image-14315778">
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 Reddit users plan to pump Pepe | source: <a href="https://www.reddit.com/r/Pepecryptocurrency/" target="_blank" rel="nofollow">Reddit</a>
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The potential Pepe coin pump is happening as crypto analysts predicted that the coin was ripe for a strong bullish breakout. In an X post, Chandler Bing, a popular crypto expert, noted that the coin had formed a falling wedge and that it would soon stage a strong rally. 
 You might also like: <a rel="" href="https://crypto.news/mantra-price-chart-pattern-points-to-a-strong-breakout-soon/"> Mantra price chart pattern points to a strong breakout soon </a> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 https://twitter.com/chandlerbingpl/status/1863737619680501887 
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<h2 class="wp-block-heading" id="pepe-price-technical-analysis-extremely-bullish-above-0-00002577">Pepe Price Technical Analysis: Extremely Bullish Above $0.00002577</h2> 
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 <img loading="lazy" decoding="async" width="1024" height="568" src="https://crypto.news/app/uploads/2024/12/Pepe-Coin-Price-1024x568.png" alt="Pepe coin price could surge as Reddit Army plots to Pump - 14" class="wp-image-14315777">
 <figcaption class="wp-element-caption">
 Pepe Coin price chart | Source: <a href="https://x.com/chandlerbingpl/status/1863737619680501887" target="_blank" rel="nofollow">crypto.news</a>
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Turning to the daily chart, we see that the Pepe coin jumped to a high of $0.000025 in November and then pulled back to $0.00001728. That lower side was notable because it was the upper side of the cup and handle pattern, which formed between May 2024 and November this year.&nbsp; 
A C&amp;H pattern happens when an asset rises to a crucial resistance level, drops gradually, and forms a rounded bottom. It then rises and retests the initial resistance point. It is one of the most popular bullish patterns in the market.&nbsp; 
Similarly, a break and retest is a positive sign since it is a popular sign of a continuation. It normally happens when an asset breaks out and then resumes the continuation patterns. 
Pepe has also formed what looks like a bullish pennant chart pattern, which is made up of a long vertical line and a symmetrical triangle pattern. It normally results into a strong bullish breakout.&nbsp; 
It has also formed an inverse head and shoulders chart pattern, another positive sign. Therefore, there is a likelihood that it will continue rising in the next few days.&nbsp; 
A complete bullish breakout will be confirmed if the coin jumps above the year-to-date high. If that happens, it could jump by about 50% as bulls target the key resistance level at $0.000030. On the flip side, a drop below the support at $0.00001728 will invalidate the bullish view. 
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Pepe coin price could surge as Reddit Army plots to Pump

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