PEPE trades within a symmetrical triangle with a breakout target of $0.000013000 on rising volume.
Whale activity surges as 500B PEPE withdrawn from Binance, signaling growing long-term interest.
Support at $0.0000102 remains key; a breakout could push PEPE to $0.000015 if volume continues.
Pepe Coin (PEPE) is showing signs of a potential breakout after forming key technical patterns and attracting steady trading volume. As of the time of writing, PEPE was trading at $0.00001020, reflecting a 2.98% 24-hour increase. The token continues to attract market attention with price compression near resistance.
Symmetrical Triangle and Breakout Setup
PEPE is trading within a symmetrical triangle, with price action tightly compressed between ascending support and descending resistance. This structure typically suggests that the token is preparing for a strong directional move.
https://twitter.com/PepeCZBinance/status/1942511154443501721
A green breakout arrow on the chart points toward a potential upside zone near $0.000013000. The 50-day and 200-day moving averages are positioned above the current price, but the narrowing price candles and consistent volume indicate building pressure. If PEPE breaks above the resistance line, the token may gain further traction.
Analyst CW8900 stated on X that “PEPE is about to hit a sell wall,” noting that a successful move above could lead to a 30% price rise. Historical data from past wedge patterns suggests that PEPE has shown strong performance following similar setups.
Whale Activity and Market Strength
On-chain data continues to show whale activity around Pepe Coin. According to Lookonchain, a newly created wallet recently withdrew over 500 billion PEPE from Binance, valued at around $5.2 million. This movement indicates ongoing interest from large holders, even during market consolidation.
As per data from CoinMarketCap, PEPE’s market capitalization stands at $4.36 billion, with a circulating supply near its maximum of 420.68 trillion tokens. The volume-to-market cap ratio is over 15%, reflecting active trading participation.
The number of token holders has also climbed to 461,420, showing sustained community support. Technical analysts from Solberg Invest continue to track the $0.0000102 support, noting a possible breakout target of $0.000015 if this level holds.
The post Pepe Coin Forms Symmetrical Triangle With Breakout Target at $0.000013000, Here’s What to Watch appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
