- Pepe (PEPE) is forming a bullish Falling Wedge pattern on the daily chart, suggesting a potential end to the downtrend and the beginning of upward momentum.
- PEPE rebounded from support near $0.000009146 and is now trading around $0.000009655, just below wedge resistance, positioning for a potential breakout attempt.
- A decisive break above wedge resistance and reclaiming the 50-day moving average at $0.000011 would provide bullish confirmation with upside targets around $0.000015.
- If the breakout fails, PEPE could retest its support trendline, making this a crucial level for traders to monitor.
Date: Sun, Sept 07, 2025 | 12:30 PM GMT
The cryptocurrency market remains slightly choppy as Bitcoin (BTC) consolidates near $110,000, while Ethereum (ETH) hovers around $4,300 after retreating from its recent high of $4,953. Despite this broader volatility, several memecoins are starting to show upside potential — including Pepe (PEPE).
PEPE is trading back in the green today, and more importantly, its chart is now displaying a bullish structure that hints at a potential breakout in the sessions ahead.
Falling Wedge in Play?
On the daily chart, PEPE is shaping a Falling Wedge pattern — a bullish reversal structure often signaling the end of a downtrend and the beginning of upward momentum.
The latest rejection from the wedge’s resistance pushed the token down toward its support base near $0.000009146, where buyers quickly stepped in. This sparked a rebound, with PEPE now hovering around $0.000009655, just under its wedge resistance.
This positioning suggests that a breakout attempt may soon be on the horizon.
What’s Next for PEPE?
If PEPE breaks decisively above its wedge resistance and reclaims the 50-day moving average ($0.000011), it would provide strong bullish confirmation. From there, momentum could build, potentially driving the token toward the next upside target around $0.000015, based on the wedge’s measured move projection.
On the flip side, if PEPE fails to confirm the breakout and slips lower, it could retest its support trendline, which remains a crucial level for traders to watch.
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