Pepe Coin (PEPE) has reached a tense moment — trading activity is surging, technical indicators are flashing bullish signals, and the market is bracing for a dramatic price move. The token is currently hovering around $0.0000127, with $1.6 billion in trading volume, the highest since May 2024. A falling wedge pattern and a bullish MACD crossover suggest a potential breakout is just around the corner.
📈 Chart Pattern Hints at a 40% Upside
Since peaking at $0.0000163 on May 23, PEPE has been forming lower highs and lower lows, resulting in a falling wedge pattern — a traditionally bullish formation. A confirmed breakout above the upper trendline could send the price soaring to $0.0000181, a projected 40% gain.
Currently, PEPE is testing this crucial resistance. A daily candle close above $0.0000108 would confirm the breakout. Measuring the height of the wedge from this breakout point gives us the target price of $0.0000181.
🔄 MACD and SMA Strengthen the Bullish Outlook
The outlook is supported by a bullish MACD crossover on the daily chart — a classic signal of momentum shifting in favor of the bulls. PEPE has also closed above its 200-day simple moving average (SMA), suggesting a structural shift toward upward momentum.
If the price holds above this long-term support level, it could reinforce the start of a sustained uptrend.
⚠️ But a Drop Below Support Could Trigger a 50% Crash
On the flip side, a break below the critical support level at $0.0000106 would invalidate the bullish wedge. In that case, a 50% drop could be on the horizon, potentially sending PEPE back to previous lows.
💹 Volume Explodes – PEPE Surpasses DOGE
According to CoinMarketCap, PEPE’s daily spot trading volume reached $1.6 billion, surpassing even Dogecoin (DOGE). Meanwhile, Coinglass reports a derivatives volume of $3.94 billion, the highest since December.
Open interest also rose by 10% to $573 million, reflecting an influx of new positions from traders anticipating a major move.
🐋 Whales Betting on PEPE’s Surge
Hyperliquid’s whale tracker shows that whales opened over $4.5 million in long positions on PEPE in the past 24 hours. This capital injection adds further momentum to the bullish case.
🔍 Summary: Big Move Ahead — Breakout Will Decide Direction
In short:
🔹 Pattern: Bullish falling wedge
🔹 Indicators: MACD crossover, break above 200-day SMA
🔹 Volume: Surging spot and derivatives activity
🔹 Whales: Strong long positions
However, failing to maintain key support could flip the script and trigger a massive sell-off.
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