#PEPE Price Analysis: Will the Falling Wedge Spark a Breakout or Lead to a Sell-Off?

The cryptocurrency market is once again buzzing with speculation as Pepe ($PEPE ), one of the most talked-about memecoins, approaches a decisive turning point. After weeks of consolidation and downward pressure, the token is testing a crucial $100–$105 demand zone, a level that has historically determined the balance of power between bulls and bears.

Market participants are closely watching whether PEPE will confirm a falling wedge breakout, which often signals a bullish reversal, or whether the token will instead suffer a breakdown that could trigger a wave of sell-offs. The coming days may very well define PEPE’s medium-term trajectory, with significant implications for traders and long-term holders alike.

Falling Wedge Formation: A Potential Bullish Catalyst

On the daily chart, PEPE has been consolidating within a falling wedge pattern. In technical analysis, this pattern is widely recognized as a bullish setup, particularly if the price manages to break above the wedge’s descending resistance line.

A confirmed breakout would mark a shift in market structure, signaling the end of bearish control and the beginning of a bullish phase.

The first target in such a scenario lies at $1184, a resistance pivot that previously capped price rallies earlier this year.

If bullish momentum extends further, traders may set sights on the $1240–$1271 supply zone, an area that could strengthen PEPE’s case for a medium-term rally.

A breakout of this magnitude would likely reignite hype in the memecoin market, attracting both retail traders and speculative capital looking to ride the momentum.

read more 24crypto .news