Pepe Coin (PEPE) Analysis: Is a Breakout Imminent?
Pepe Coin (PEPE) has been making headlines recently, showing renewed signs of bullish momentum after months of downward pressure. The memecoin's price has been holding strong at $0.0000075 support, and technical indicators suggest a potential breakout.
Key Trends and Patterns
- *Bullish Gartley Harmonic Pattern: Technical analysts are watching a bullish Gartley harmonic pattern forming on the PEPE price chart, suggesting a potential short-term rally with a target zone around $0.00000958.
- *Whale Accumulation*: Recent on-chain data shows a substantial drop in exchange-held supply, indicating increased self-custody and long-term holding by investors. Whale addresses have boosted their holdings from 131 trillion to 172 trillion tokens.
- *Bullish Chart Structures*: PEPE is trading within a bullish structure, including a falling wedge pattern, which often preced$PEPE