Recent trading data shows that the price of $PEPE is around $0.000021 on some exchanges, demonstrating a breakout from a descending wedge and regaining this support level. The key resistance is at $0.00002576, and if this level is broken, the target could be $0.00003800.

Earlier this year, pepe's increase exceeded 1100%, becoming the third largest memecoin by market capitalization, reaching $6.2 billion.

Technical Analysis

Some analysts on X have mentioned that pepe shows signs of a bullish flag breakout, predicting a potential rise of over 75% from the current level, targeting $0.0000375.

Other analyses indicate that $PEPE is currently consolidating in a symmetrical triangle, and after a breakout, it could reach the $0.000030 level.

In summary, despite $PEPE showing some positive signals in technical analysis, due to its nature as a memecoin, price fluctuations may be significant and difficult to predict.

It is recommended to remain cautious when investing, conduct thorough research, and adjust strategies based on the latest market dynamics.