**Pepe Eyes $0.000010 Amid Falling Wedge Breakout Potential 🐸📈**
Pepe, the leading frog-themed meme coin, is making waves again as it targets the $0.000010 mark, fueled by the potential for a falling wedge breakout rally. With the meme coin market showing signs of recovery, Pepe is staging a bullish comeback, supported by three consecutive green candles signaling a possible breakout.
**Key Highlights:**
- **Falling Wedge Pattern:** Pepe’s daily chart reveals a falling wedge pattern, with support near $0.0000052 and a bullish reversal signaled by a morning star formation.
- **Bullish Momentum:** The triple white soldier pattern and a positive MACD crossover suggest growing bullish momentum, though the 20, 50, 100, and 200-day EMA lines remain bearishly aligned.
- **Whale Activity:** Three anonymous wallets recently purchased 689.79 billion Pepe tokens ($4.3M), potentially indicating insider confidence in the coin’s recovery.
- **Derivatives Data:** Open interest in Pepe futures has risen by 7.57%, reaching $216.73M, while the long-to-short ratio of 1.04 shows slight bullish dominance.
**Price Targets:**
- **Upside:** A breakout could push Pepe toward the 50-day EMA near $0.000010.
- **Downside:** Key support lies at $0.0000050, near the local trendline.
**Disclaimer:** This post is for informational purposes only and not financial advice. Always conduct your own research before investing. The Crypto Basic is not responsible for any financial losses.
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