Pepe Coin (PEPE), a popular meme-based cryptocurrency, has dropped 15% in the last week, reflecting broader market fluctuations. Despite these losses, the PEPE price remains above the $0.0000074 support level, signaling possible resilience. Analysts suggest that after testing a falling wedge pattern, the meme coin could experience a surge, potentially increasing by 130-140% if the market stabilizes.
Is 130%-140% Price Surge Possible for Pepe Coin Price After Falling Wedge Breakout?
The Pepe Coin price is currently experiencing a slight correction while testing a critical resistance level within a falling wedge pattern. This technical setup suggests that the token may be on the verge of a breakout. Analysts are closely watching for any signs of a significant move as the token approaches this key resistance zone.
A breakout from this pattern could potentially trigger a bullish wave, with estimates indicating a price surge of 130% to 140% in the midterm. This setup has caught the attention of many analysts in the crypto space, offering an exciting opportunity for those tracking the PEPE price action.
The outcome will depend on whether the token can maintain its momentum and successfully break through the resistance in the coming days.
Whale Purchase of 492B PEPE Sparks Surge
The whale transaction witnessed in the crypto market on April 1, 2025, marks a significant event as a fresh wallet acquired a staggering 492 billion PEPE tokens valued at $3.74 million. This move sent ripples through the community, drawing attention to the sudden surge in demand for the token.
As the market absorbs this large buy order, the value of PEPE may experience upward pressure. However, the effect will depend on whether this whale continues to accumulate or if other traders follow suit.
A fresh wallet just bought 492B $PEPE worth $3.74M. pic.twitter.com/dRpHOP5V3G
— Plazma (@Plazma0x) April 1, 2025
PEPE Price Shows Signs of Rally: Key Resistance Levels to Watch
The latest PEPE price analysis shows that the cryptocurrency has been facing a decline. Currently, the price of PEPE is at $0.000000746, marking a decrease of about 3% in the past 24 hours.
The crypto market is still fluctuating, with bulls and bears struggling to control. The BTC price is currently hovering above $85,k and the ETH price is currently above $1,850, with slight market movement.
The Pepe coin price has experienced a significant drop, but the price is finding support near the $0.000000700 level. A reversal could occur if it breaks through key resistance levels, specifically at $0.000001 and $0.0000015. These levels act as potential milestones for a rebound.
The Awesome Oscillator (AO) shows a positive momentum shift, while the MACD indicator indicates some bullish movement in the short term. The moving averages gradually converge, which could signal an upward trend.
Source: TradingView
If the Pepe coin price prediction can maintain its momentum and break through resistance, it could reach $0.000002 in the near future, which represents an upside of approximately 161% from the current price.
The post Can Pepe Coin Price Surge 130% As Whales Buy 492B PEPE Ahead of Falling Wedge Breakout? appeared first on CoinGape.
