PEPE Price Targets $0.00001600 After Breaking Falling Wedge
The post PEPE Price Targets $0.00001600 After Breaking Falling Wedge appeared on BitcoinEthereumNews.com. The post PEPE Price Targets $0.00001600 After Breaking Falling Wedge appeared first on Coinpedia Fintech News After weeks of choppy price action, meme coin PEPE is showing technical strength again. According to a crypto analyst’s recent chart shared on social media, the PEPE price has just pierced above a falling wedge pattern. This seems a potential bullish breakout that may set the stage for a new short-term rally. PEPE Gives Falling Wedge Breakout In Short-Term As seen in the chart, PEPE crypto has broken above the upper boundary of a falling wedge that had formed since the mid-May correction. This wedge has contained PEPE’s lower highs and lower lows for nearly seven weeks. $PEPE bullish wedge playing out pic.twitter.com/UupIdWlIZd — Greeny (@greenytrades) July 3, 2025 The breakout, occurring at the start of July, may now open the door to a potential retest of the $0.00001600 level, which marked the mid-May peak. The analyst suggests that if price action continues to hold above the wedge and gains follow through, this target could be reached swiftly in the short term. The short-term optimism for PEPE crypto was also aligned with another analyst’s post, where he said the current level is pivotal and breaking further would give $0.000016 and $0.000019. Source: coinglass Moreover, this short-term optimism in meme coin PEPE is backed by derivatives data, as open interest is $559.75 million, up 19.37% from the previous session. Additionally, the 24-hour long/short ratio is 1.0263, and huge shorts got liquidated, amounting $3.13 million compared to $269.49 longs. The last couple of days have seen less liquidation compared to shorts, which backs the current short-term bullishness. [post_titles_links postid=”478186″] Long-Term Trend Reversal Still in Play Beyond this breakout, the analyst also draws attention to the Q2 rally as a breakout from a long-term descending trendline that had…
The post PEPE Price Targets $0.00001600 After Breaking Falling Wedge appeared on BitcoinEthereumNews.com.
The post PEPE Price Targets $0.00001600 After Breaking Falling Wedge appeared first on Coinpedia Fintech News After weeks of choppy price action, meme coin PEPE is showing technical strength again. According to a crypto analyst’s recent chart shared on social media, the PEPE price has just pierced above a falling wedge pattern. This seems a potential bullish breakout that may set the stage for a new short-term rally. PEPE Gives Falling Wedge Breakout In Short-Term As seen in the chart, PEPE crypto has broken above the upper boundary of a falling wedge that had formed since the mid-May correction. This wedge has contained PEPE’s lower highs and lower lows for nearly seven weeks. $PEPE bullish wedge playing out pic.twitter.com/UupIdWlIZd — Greeny (@greenytrades) July 3, 2025 The breakout, occurring at the start of July, may now open the door to a potential retest of the $0.00001600 level, which marked the mid-May peak. The analyst suggests that if price action continues to hold above the wedge and gains follow through, this target could be reached swiftly in the short term. The short-term optimism for PEPE crypto was also aligned with another analyst’s post, where he said the current level is pivotal and breaking further would give $0.000016 and $0.000019. Source: coinglass Moreover, this short-term optimism in meme coin PEPE is backed by derivatives data, as open interest is $559.75 million, up 19.37% from the previous session. Additionally, the 24-hour long/short ratio is 1.0263, and huge shorts got liquidated, amounting $3.13 million compared to $269.49 longs. The last couple of days have seen less liquidation compared to shorts, which backs the current short-term bullishness. [post_titles_links postid=”478186″] Long-Term Trend Reversal Still in Play Beyond this breakout, the analyst also draws attention to the Q2 rally as a breakout from a long-term descending trendline that had…
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