Hey Binance Square fam! 💚 PEPE’s price action has sparked fresh buzz—a classic falling wedge breakout, followed by a bullish retest, could be setting the stage for a strong rally. Let’s dive in!
---
📈 Chart Setup: Falling Wedge ✅
PEPE has formed a textbook falling wedge—a bullish reversal structure marked by converging lower highs and lower lows—reflecting weakening selling pressure .
Recently, it broke above the wedge in the 4‑hour to weekly timeframe—a strong signal of bearish trend exhaustion .
The breakout has initiated a retest of the wedge’s upper boundary (~0.00001360–0.00001380 area), resembling setups seen before PEPE’s past all-time highs .
---
🔍 Indicators & Momentum
RSI & MACD are flashing bullish signals:
RSI sits comfortably above 50—momentum in favor of bulls .
MACD just crossed bullish on multiple timeframes, indicating that selling pressure is fading .
Other oscillators (WTO, cluster algos) confirm oversold conditions and early green signals .
---
🎯 Trade Opportunity: Long Setup
Entry Zone: Around wedge resistance retest (~0.00001360–0.00001380)
Stop-Loss: Just below retest (~0.00001250–0.00001300)
Take Profit Targets:
TP1: 0.00001500 (near recent range highs)
TP2: 0.000017–0.000018 (aligned with broader wedge measured move)
This structure-backed setup offers a favorable risk‑reward, supported by layered technical signals. A clean retest and bounce would strengthen the bullish case!
---
⚠️ Watchpoints & Risk Control
Volume Confirmation: Watch for rising volume on the retest—not just price action—to validate breakout .
Key Levels:
Support: ~0.00001250–0.00001300 (safe zone for stop-loss)
Resistance: ~0.00001500 and higher fib-derived zones
Market Context: While this is a bullish pattern, PEPE is tied to broader meme coin cycles and Bitcoin’s momentum—keep macro flow in mind .
---
🧠 Final Thoughts
PEPE is showcasing textbook pattern quality: falling wedge → breakout → retest → potential next leg. If bulls defend the wedge resistance and volume picks up, expect TP1 near 0.00001500, and possibly TP2 around 0.000017–0.000018. Manage risk smartly, keep an eye on broader crypto trends, and let’s watch this meme coin rally unfold! 🚀
