- PEPE Breakout Nears as Pennant Pattern Holds
- 600B PEPE Scooped Up by Five Wallets in a Day
- Volatility Drops, Signaling Big Move Ahead
Pepe Coin (PEPE) is gaining traction again after rising more than 12% over the past week. The meme token is currently trading around $0.00000708, with analysts closely watching its price structure for signs of an upcoming move. Increased interest from retail traders, along with strengthening technical setups, has positioned PEPE among the most-watched meme coins of early 2025.
Technical Setup Points to Potential Breakout
According to analysis prepared by MadWhale and MasterAnanda on TradingView (April 18, 2025), PEPE is forming a bullish pennant pattern between $0.000005 and $0.000009. This structure often points to price continuation. The token is testing key resistance at $0.00000924, and analysts note that a breakout above this level could open the path to higher targets near $0.000013, aligning with the 0.236 Fibonacci retracement.
Additional confirmation comes from the 200-day exponential moving average, which PEPE is currently hovering near. If buyers maintain strength and convert resistance into support, the coin could target the $0.000013 area in the short term.
Historical comparisons to its 2024 structure show similar price behavior before PEPE’s rally to it’s all-time high of $0.00002803.On the daily chart, two higher lows and two higher highs suggest a possible reversal pattern is forming. If this trend continues, technical models point to further upside movement during the second quarter of 2025.
On-Chain Metrics Support Price Strength
On-chain data suggests that retail accumulation is rising. Etherscan reported a 67% increase in transactions under $1, while five wallets accumulated over 600 billion PEPE tokens worth $4.28 million in one day.
This suggests that smaller holders are returning to the market ahead of what some expect to be a wider altcoin rally.Meanwhile, volatility has declined from 146% to 115% over the past 30 days, often seen before major price movements. Fibonacci extension levels point to potential targets at $0.00004264 and $0.0000627—representing 480% to 796% potential upside if current conditions hold.
