#PEPE is trading around $0.00001305 ā down about 4ā5% in the last 24 hours, but still up 7ā8% on the week. Despite the short-term dip, there are growing signs that this meme coin could be setting up for another rally. Hereās whatās driving the excitement:
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š 1. Technical Breakout: Falling Wedge Cracked#PEPE
#PEPE has officially broken out of a falling wedge pattern ā a classic signal of a potential bullish reversal.
The $0.00001000 support level has held strong despite multiple tests, acting as a clear floor for price action.
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š 2. Whale Activity & On-Chain Strength
Whale wallets are accumulating ā large investors continue to buy.
Investor count is now over 463,000, showing steady demand growth.
#PEPE supply on Ethereum is decreasing, and exchange reserves are falling ā both signs of potential future price appreciation.
Smart money is circling ā this typically precedes stronger price moves.
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š 3. #ETH Connection: Positive Correlation in Play
With Ethereum breaking past $3,600, PEPE is riding the wave. Analysts note a strong positive correlation between the two.
As #ETH gains momentum, memecoins like PEPE tend to follow ā especially when technical setups align.
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š® 4. Price Forecast: Where PEPE Might Go
Timeframe Target Price Range
Short-Term $0.000014 ā $0.000015
Medium-Term $0.000020 ā $0.000030
Long-Term $0.000050 ā $0.000100
> Analyst Jake Gagain notes: If ETH hits $4,900, PEPE could reach a market cap of $15ā20B.
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ā ļø 5. Risk Warning: Know What Youāre Holding
High volatility is the name of the game ā quick swings both ways are normal.
Heavily tied to Ethereum ā if ETH corrects, PEPE may follow.
Formation failure risk: A drop below $0.00001100 could spark a sharper decline.
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š§ 6. Strategy Tips for Traders
Short-Term Bulls: Watch for daily closes #PEPE above $0.00001350. If that holds, next target: $0.00001450 ā $0.00001500.
Medium-Term Bulls: If ETH keeps rising, PEPE could push toward $0.000020 ā $0.000030.
Risk Management: Set stop-losses near $0.00001100 ā $0.00001000.
Portfolio Tip: Pair PEPE positions with ETH or other top memecoins to hedge risk.
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ā Final Thoughts
PEPE is regaining bullish momentum, with chart breakouts, whale accumulation, and Ethereum strength all supporting the upside.
While short-term gains toward $0.000015 look possible, the medium-term outlook is even more exciting ā provided the broader market remains strong.
But remember: High reward = high risk. Manage positions carefully and stay updated.
š This is not financial advice. Always DYOR (Do Your