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Key Insights:
- PEPE coin price printed the third falling wedge, with breakouts from the previous two hitting target zones
- The 477-day interval possessed a long period of accumulation, with the breakout being estimated above 0.000012
- Analyst trade goal 0.0000106 based on entry value of 0.00000957, stop-loss at 0.00000933
PEPE coin price shows renewed bullish momentum after recently forming its third falling wedge. Analysts are eyeing a short-term breakout between $0.0000106 and $0.0000124.
The current market structure is fueling their optimism. The move comes after a prolonged 477-day accumulation phase, where the PEPE price traded inside a tight range.
PEPE Coin Price Formed the Third Falling Wedge
On the hourly timeframe, analyst James Wynn highlighted a third falling wedge formation on the PEPE coin price chart. The past two wedge patterns culminated in steep rallies, with each breakout hitting its measured move target.
PEPE price has reclaimed the $0.00000955 support level. It also broke through the descending resistance line, signaling a completed pattern.
Wynn referred to the formation as a classic shakeout where poor hands pull out before a continuation with bullishness. This wedge coincided with the volume rise, indicating that attraction is returning to the market.
The next point is the $0.00000988 that traders now dream of because this is what can open the next upside. After breaking out, PEPE coin price may rapidly revisit the late June resistance of $0.00001060.
The hourly chart showed strong support building above $0.00000930. This level is reinforcing bullish sentiment in the market. If the PEPE price remains above this area, it will stay in the falling wedge structure.
Long-Term Range Nearing Breakout
Steph Is Crypto shared a 3-day chart showing the PEPE coin price trapped inside a 477-day accumulation range. This rectangular box ranged between 0.00000720 and 0.00001300.
Also, several swings are up and down the upper and lower bars. Possessing long-term consolidation traditionally served as a prelude to extreme price movements after a breakout confirmation.
At press time, the PEPE price was approaching the upper region of this range. It traded just below the $0.00001000 resistance zone. Several similar taps at this level without significant rejection speak of a decline in top and extension pressure.
The trend formed by the price indicates compression because the tokens form higher lows inside the box. It comes against the horizontal resistance.
The 15-month range may break if the coin closes a daily candle above $0.0000103. This could attract significant trading volume. A surge may follow toward the $0.000012–$0.000013 zone. That region marked a central supply area back in May 2024.
Trade Setup Shows Tight Risk
Another Analyst displayed a well-defined long trade plan and specific risk management. The entry price of the trade has been put at $0.00000957, and the stop-loss at $0.00000933.
The area to take profit consists of the values between $0.00000988 and $0.00001060. This pointed to the resistance zones and recent wedge targets.
The tight stop immediately beneath the recent swing low provides a good risk-reward ratio where a wedge breakout can be confirmed. Traders are watching for a volume-driven breakout to confirm a long entry.
If successful, the PEPE coin price could reach $0.000012. Failure to stay above $0.00000933 would invalidate the setup. That would likely return the coin to a consolidation phase.
Trendline Breakout Targets $0.0000124
Analyst Franco pointed out a clear downward trendline since the May highs that was breached on the upside. PEPE price bounced from the $0.00000853–$0.00000951 support zone and reclaimed the trendline last tested in mid-June.
The chart showed a green box pointing to the next bullish leg. The breakout target was set at $0.00001247.
This breakout matched the long-term range peak and supports the larger bullish case. The current price stays in the upper half of the top and the bigger area of the support of the day. The setup remains valid if the PEPE coin price stays above $0.00000951.
In addition, the latest candle formation indicates high buying power at the support level near the $0.00000900 price. This breakout may become a long-term trend if the meme coin continues surging. Also, the price could revisit the $0.00001300 and $0.00001500 zones during the cycle.
