PEPE has broken above a falling wedge, strengthening its bullish structure as buyers regain momentum. Rising market activity, whale accumulation, and reduced exchange supply are supporting sentiment, while ETF speculation could further attract attention. A sustained breakout may open the door to additional upside.
At the time of writing, PEPE is trading at $0.000003723 with a 24-hour trading volume of $406.88 million and a market capitalization of $1.54 billion. However, the PEPE price over the last 24 hours has surged by 9.66%.
Source: CoinMarketCap
Also Read: PEPE Eyes Breakout as Falling Wedge and Technicals Support Bullish Outlook
PEPE Breakout Signals Potential Move to $0.00000431
However, the crypto analyst Eric Van Tassel revealed that PEPE has broken decisively above a short-term falling wedge, signaling a potential shift in momentum as buyers regain control.
The pattern had compressed price action while limiting upside attempts, making the breakout an important technical development. A sustained move above the wedge could strengthen the bullish structure and encourage traders to target higher levels.
Source: Eric Van Tassel’s X Post
With the breakout now underway, attention is turning toward the $0.00000431 area as the next potential upside objective.
Reaching this target would depend on PEPE maintaining momentum and holding the former wedge resistance as support. However, a failed breakout or move back inside the pattern could weaken the setup and delay further gains.
Technical and Derivative Activity Support Reversal
According to TradingView, PEPE highlights a prolonged summer consolidation followed by a sharp late-August breakout. After finding a floor in late June, the price traded sideways until a massive vertical rally pushed it to local highs.
Following a brief pull-back, PEPE rebounded strongly with an +8.76% daily gain, demonstrating renewed buyer interest near local support.
Source: TradingView
The technical indicators point to a bullish stance. The RSI (14) is at a comfortable level of 60.15 and is rising, showing increasing momentum without being in an overbought condition.
Even though the MACD shows a small decrease in the histogram compared to its previous high level, both of the signal lines stay above the zero mark.
Coinglass data also pointed out that the market performance of PEPE has become highly intense, with the trading volume spiking by 103.41%, reaching $433.97 million.
In addition to that, open interest grew by 6.44%, reaching $241.79 million, which indicates the growth in the derivatives markets’ participation. The growth in trading volume together with open interest implies that there is an increase in traders’ participation.
Source: Coinglass
Following the bullish price predictions and improving technicals and derivatives, the PEPE price is moving in an upward direction. This move is also affected by the improving trend in the general market as the BTC price is moving upward.
PEPE Eyes Further Gains as ETF Speculation Builds
The data from Whale Insider further highlighted that PEPE has registered a significant 13% gain in the last 24 hours, which has once again brought back focus to the coin in the meme-coin sector.
This is happening due to the fact that some reports indicate the presence of a large amount of PEPE being withdrawn off of exchanges, an action that may create a shortage of supply.
The interest of investors has also been facilitated by rumors of the possible launch of an ETF for PEPE.
Although there are no verified reports of an ETF launch at the moment, a blend of the whale activity, lack of liquidity on exchanges, and increased market optimism can keep PEPE highly in focus for speculating cryptocurrency traders around the world.
What Happens Next for PEPE?
The future action of PEPE is dependent on how the buyers will be able to sustain the breakdown of the falling wedge pattern and create support above the resistance. With the continuation of momentum, the token may be forced to reach its other targets. Otherwise, the failure below the breakout level may make things complicated.
Also Read: PEPE Coin Price Tests $0.0000034 Support as Bulls Eye Breakout
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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