Pepe Coin (PEPE) surged 1.7% in the past hour to $0.0000127 as trading volume hit $1.6B—its highest level since May 2024. A bullish falling wedge pattern suggests a 40% rally to $0.0000181, but with whales betting $4.5M on longs and the MACD flashing buy signals, traders are bracing for a volatile breakout. Here’s what’s next.
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PEPE Coin Price Eyes 40% Breakout Rally
The lower highs and lower lows Pepe Coin price produced since the May 23 high of $0.0000163 have resulted in a falling wedge pattern. This bullish setup forecasts a 40% rally to $0.0000181 upon a successful breakout above the wedge’s upper trendline. At press time, PEPE is knocking on the upper trendline. Assuming the frog-based top meme coin produces a decisive daily candlestick close above $0.0000108, it would signal a breakout. In such a case, adding the wedge’s height to the aforementioned breakout point would yield a target of $0.0000181.
Additionally, supporting this uptrend is the bullish MACD crossover on the daily timeframe. This is a classic sign of shifting momentum, favoring bulls, suggesting that a Pepe Coin price rally may be imminent.
PEPE’s decisive daily candlestick close above the 200-day SMA also notes a bullish shift in market structure. This development adds tailwind to the aforementioned optimistic outlook. If the ongoing pullback holds above this key SMA, it could trigger a sustained uptrend for Pepe Coin price.
PEPE/USDT: 1-day ChartA breakdown below the critical support level of $0.0000106 will invalidate the falling wedge and its bullish forecast of $0.0000181. In this case, a 50% crash in PEPE’s price may be likely, as noted in a previous CoinGape analysis.
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Spot & Derivative Volumes Hit Record Highs
Pepe Coin’s rising spot and derivative volumes are fuelling the bullish momentum. At press time, CoinMarketCap’s data reveal that PEPE’s 24-hour trading volume of $1.6 billion overshadows that of other meme coins, including the original meme token, Dogecoin (DOGE).
Meanwhile, Coinglass data shows that Pepe Coin’s derivative volumes had jumped by 37% in 24 hours to $3.94 billion, the highest level since December 10. This sharp uptick further highlights trader interest and suggests speculative positioning ahead of a major price move.
PEPE Derivative VolumesThe 10% spike in open interest to $573 million aligns with the upticking 24-hour volumes. The increase in OI shows the opening of new positions on PEPE. The Hyperliquid whale tracker shows that whales have opened more than $4.5 million long positions on PEPE within 24 hours. All of these serve as a tailwind to the forecasted 40% rally for Pepe Coin price.
PEPE Hyperliquid Whale TrackerTherefore, considering the bullish MACD crossover, falling wedge pattern, and surging volumes, PEPE price appears primed for a roughly 40% rally. However, the bullish momentum hinges on a confirmed breakout above wedge resistance, with a failure to hold key support at the lower trendline set to invalidate the setup, exposing Pepe Coin to further downside.
To get a more in-depth analysis and prediction on Pepe Coin price for the next five years, Read This.
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Frequently Asked Questions (FAQs)
What does the MACD crossover mean for Pepe Coin price?
The MACD crossover above the signal line and the zero line signals that a bullish momentum is in play, and Pepe Coin price may be poised for gains.
Can Pepe Coin Price rally by 40%?
Pepe Coin price can rally by 40% if it overcomes resistance at the upper trendline of a falling wedge pattern.
What do spot and derivative volumes show about PEPE?
The rising spot and derivative volumes show heightened market interest towards Pepe Coin, and this could spark volatility.
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Pepe Coin Price at Tipping Point: 40% Rally or 50% Crash? $1.6B Volume Hints at Imminent Move
Pepe Coin (PEPE) surged 1.7% in the past hour to $0.0000127 as trading volume hit $1.6B—its highest level since May 2024. A bullish falling wedge pattern suggests a 40% rally to $0.0000181, but with whales betting $4.5M on longs and the MACD flashing buy signals, traders are bracing for a volatile breakout. Here’s what’s next.
Advertisement
Advertisement
PEPE Coin Price Eyes 40% Breakout Rally
The lower highs and lower lows Pepe Coin price produced since the May 23 high of $0.0000163 have resulted in a falling wedge pattern. This bullish setup forecasts a 40% rally to $0.0000181 upon a successful breakout above the wedge’s upper trendline. At press time, PEPE is knocking on the upper trendline. Assuming the frog-based top meme coin produces a decisive daily candlestick close above $0.0000108, it would signal a breakout. In such a case, adding the wedge’s height to the aforementioned breakout point would yield a target of $0.0000181.
Additionally, supporting this uptrend is the bullish MACD crossover on the daily timeframe. This is a classic sign of shifting momentum, favoring bulls, suggesting that a Pepe Coin price rally may be imminent.
PEPE’s decisive daily candlestick close above the 200-day SMA also notes a bullish shift in market structure. This development adds tailwind to the aforementioned optimistic outlook. If the ongoing pullback holds above this key SMA, it could trigger a sustained uptrend for Pepe Coin price.
PEPE/USDT: 1-day ChartA breakdown below the critical support level of $0.0000106 will invalidate the falling wedge and its bullish forecast of $0.0000181. In this case, a 50% crash in PEPE’s price may be likely, as noted in a previous CoinGape analysis.
Advertisement
Advertisement
Spot & Derivative Volumes Hit Record Highs
Pepe Coin’s rising spot and derivative volumes are fuelling the bullish momentum. At press time, CoinMarketCap’s data reveal that PEPE’s 24-hour trading volume of $1.6 billion overshadows that of other meme coins, including the original meme token, Dogecoin (DOGE).
Meanwhile, Coinglass data shows that Pepe Coin’s derivative volumes had jumped by 37% in 24 hours to $3.94 billion, the highest level since December 10. This sharp uptick further highlights trader interest and suggests speculative positioning ahead of a major price move.
PEPE Derivative VolumesThe 10% spike in open interest to $573 million aligns with the upticking 24-hour volumes. The increase in OI shows the opening of new positions on PEPE. The Hyperliquid whale tracker shows that whales have opened more than $4.5 million long positions on PEPE within 24 hours. All of these serve as a tailwind to the forecasted 40% rally for Pepe Coin price.
PEPE Hyperliquid Whale TrackerTherefore, considering the bullish MACD crossover, falling wedge pattern, and surging volumes, PEPE price appears primed for a roughly 40% rally. However, the bullish momentum hinges on a confirmed breakout above wedge resistance, with a failure to hold key support at the lower trendline set to invalidate the setup, exposing Pepe Coin to further downside.
To get a more in-depth analysis and prediction on Pepe Coin price for the next five years, Read This.
Advertisement
Frequently Asked Questions (FAQs)
The MACD crossover above the signal line and the zero line signals that a bullish momentum is in play, and Pepe Coin price may be poised for gains.
Pepe Coin price can rally by 40% if it overcomes resistance at the upper trendline of a falling wedge pattern.
The rising spot and derivative volumes show heightened market interest towards Pepe Coin, and this could spark volatility.
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