The PEPE price was one of the worst-hit altcoins in the weekend liquidation event, as the price plummeted more than 60% in a matter of minutes. This led to a cascade of liquidations as traders scrambled to save their positions. Now, though, with the liquidation event out of the way and the market looking to be bouncing back, things are beginning to look up for the PEPE price, which one analyst believes is primed for a monster rally from here.

PEPE Price Is Set To Soar

Crypto analyst MMBTtrader took to the TradingView website to share their view of what could be happening with the PEPE price. According to the analyst, the PEPE price decline was expected , but not as fast as it played out. Nevertheless, it plays into the bigger picture and the reset that the meme coin needed.

MMBTt

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