Date: Sat, Oct 04, 2025 | 07:56 AM GMT
The cryptocurrency market is showing strength as both Bitcoin (BTC) and Ethereum (ETH) have surged over 11% in the past 7 days. Riding this resilience, several memecoins are starting to flash bullish signals — and Pepe (PEPE) is one of them.
PEPE is up 8% this week, but what makes it stand out is its technical structure, which is beginning to look like a setup for a bullish breakout, similar to what we recently saw in Floki (FLOKI).
Falling Wedge in Play
On the daily chart, PEPE is forming a falling wedge pattern — a well-known bullish reversal formation that often develops toward the end of extended downtrends.
During its latest decline, PEPE slipped to around $0.000008972 after being rejected at the wedge’s upper boundary. But bulls quickly stepped in to defend this crucial support, sparking a rebound that has now lifted the token to about $0.00001012.
Currently, PEPE is hovering just below the 100-day moving average (MA) at $0.00001087, which has been a strong barrier for buyers. A decisive close above this level could be the first real sign of renewed bullish momentum.
What’s Next for PEPE?
If PEPE manages to hold its wedge support and secure a breakout above the 100-day MA, the next logical target would be the wedge’s resistance trendline. A confirmed breakout from there, especially if backed by a retest, could open the path toward $0.00001450 — marking a significant upside move from current levels.
However, if bulls fail to break above resistance, PEPE could once again fall back toward the wedge’s support zone before making another attempt higher.
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