$PEPE PEPE Price Consolidation Forecasts 100% Rally If History Repeats

Pepe price consolidation resembles the March-May rangebound📈 movement, hinting at a triple-digit rally on the breakout.

Pepe price is steadily consolidating and is in the final stages of triggering a massive rally. The sideways movement of the frog-based meme coin PEPE resembles the price action between March and May, which eventually led to a 121% rally🟢 in roughly three weeks.

Supporting this massive rally for PEPE is IntoTheBlock’s Global In/Out of the Money (GIOM) metric. This indicator shows there are no meaningful hurdles that are likely to block Pepe’s uptrend.Roughly 33,300 addresses that purchased 55 trillion PEPE between the $0.0110 to $0.0130 range are at breakeven. Investors need to keep a close eye on $0.0110, a breakdown of which could put these holders “Out of the Money,” increasing the odds of selling and triggering a crash.