PEPE - What to expect as memecoin recaps history and awaits pattern break

PEPE’s chart revealed that history could repeat itself as the asset formed a pattern that has triggered a rally three times in the pastTraders are capitalizing on PEPE’s rally by selling, which may delay the anticipated breakoutPEPE has been trending higher lately, with its price gaining by 5.79% in the last 24 hours. Several factors have contributed to this rally, particularly technical activity on its price chart.This bullish alignment can be supported by a majority of market participants. Except for spot traders who are betting against a breakout as many have started selling after days of accumulation.Bullish break could be the start of a rallyThe PEPE/WETH chart, which closely resembles the popular PEPE/USDT chart, revealed that a major rally may have begun. Especially since the price formed a pattern that has led to large breakouts on three separate occasions in the past.This bullish structure is a descending channel, characterized by a support line and a resistance line, with eac...