A cryptocurrency analyst using the alias KALEO has made a prediction for PEPE, noting that the meme coin could experience another bull run. The cryptocurrency analyst shared a 1-hour chart of PEPE, where two descending triangles are formed. When the first descending triangle formed, PEPE rose substantially, forming new highs. KALEO indicates that a similar situation could be observed shortly after the formation of the second descending triangle. PEPE current price analysis Currently, PEPE is trading between the intraday high of $0.000001537 and the intraday low of $0.00000149. It has also dropped 11.95 percent in seven days and is trading at $0.000001532 at the reported time. According to CoinMarketCap, the market cap of the meme coin is currently worth $600,113,020 after experiencing a 1.02 percent increase in one day. . Moreover, the seven-day drop has caused the meme coin to sit around the red zone. Looking at the 3-Hour PEPE/USDT chart, the candlesticks formed an inverted cup and stalk pattern, which left the meme coin facing a slight drop after the massive overbought surge. However, after a drop, the meme coin experienced another big spike that allowed it to move beyond the $0.00000180 level. The second major rise is likely to have occurred after buyers entered the market. After the second major rise before, the meme coin started to form new low lows which in turn started to devalue the meme coin. However, the lower lows that formed were part of the falling wedge pattern. Once the falling wedge formation completes its formation, the meme coin may have a chance to form green candlesticks and experience bullish momentum. If PEPE turns bullish due to the falling wedge formation, there may be a chance to trade beyond the $0.00000180 level once again.