PEPE Coin price is forming a bullish pennant on the 4h chart with a breakout potential of 50% to 100% if resistance is cleared.
Sell wall resistance near $0.0000137 remains key; no major resistance exists until $0.000025 after the breakout.
PEPE has reclaimed the 100-day and 200-day EMAs, reinforcing bullish momentum above the $0.0000106 support zone.
PEPE coin price is squeezed within a pennant pattern as buyers defend higher support levels. As overhead resistance thins and volume increases, signs in the market point to a continued increase in price.
PEPE Coin Price Bullish Pennant Formation
Analyst Clifton FX identified a bullish pennant formation on the 4-hour PEPE/USDT chart. This usually marks a continuation after a strong upward move. A pattern appeared in the chart where highs were falling and lows were rising, both headed toward a point near the top
Notably, the accumulation began as PEPE Coin price surged strongly upward. Structurally, the pennant seemed clear, pointing to bulls being in charge while small losses and hesitation created short draws.
Consequently, if PEPE moves up above the upper trendline in high volume, it may surge by 50% to 100%. According to the measured move, the target is between $0.000016 and $0.000019.
Additionally, the momentum leading to this point and the tight pennant suggest a strong chance for upside. However, a failed breakout may push PEPE below the key level of $0.0000086, making the earlier rally invalid.
Sell Wall at $0.0000137 Remains a Key Level to Watch
According to Analyst CW, PEPE coin price has crossed a crucial resistance zone at $0.0000137, acting as the main sell wall. This area has consistently stopped the price from making a decisive breakout.
In addition, the chart indicated that below this level, volume was rising. This demonstrated that buyers are fighting to prevent dips and getting ready for another surge. Volume appeared to be gradually building, signaling a shift in momentum toward bulls if resistance is broken cleanly.
CW noted that after PEPE Coin price gets past the resistance, the next big sell point is at around $0.000025. Little resistance to a price increase means that it could rise fast.
Technically, crossing this range from above could lead to a rally of up to 80%, as the earlier bullish pennant projections indicated. However, failure to overcome the red zone may lead to a retest of support levels, keeping PEPE in consolidation.
Moving Averages Support Uptrend Momentum
More so, analyst Willjayducks pointed out a positive technical pattern in PEPE coin price. It climbed above the main resistance points and formed a bullish pennant. The top meme coin moved past both the 100 and 200-day EMAs on the chart, indicating an uptick after a period of consolidation.#PEPE $PEPE