Since May 12–17, PEPE has been forming a Falling Wedge pattern on the chart—a classic bullish reversal structure. Based on previous technical signals and pattern recognition, this setup often precedes a breakout to the upside, potentially pushing price towards a new all-time high (ATH) or levels approaching it.
Here is my take
Given this setup, there is a strong likelihood of an imminent bullish breakout, with price likely to establish new higher ranges. Confirmation of breakout would be a sustained move above the wedge resistance, ideally supported by increasing volume.
Conclusion
PEPE is currently consolidating within a bullish continuation pattern. If market conditions remain favorable and the breakout confirms, we could see a significant upward move in the short to medium term.
Are you ready for the breakout?
Here is my take
Given this setup, there is a strong likelihood of an imminent bullish breakout, with price likely to establish new higher ranges. Confirmation of breakout would be a sustained move above the wedge resistance, ideally supported by increasing volume.
Conclusion
PEPE is currently consolidating within a bullish continuation pattern. If market conditions remain favorable and the breakout confirms, we could see a significant upward move in the short to medium term.
Are you ready for the breakout?
NorseCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
NorseCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.