- PEPE trades near $0.00001476 resistance, with a wedge pattern signaling potential 100% breakout move.
- Whale accumulation drives $1.74B volume surge, while exchange netflow shows declining token supply.
- Analysts project long-term wedge breakout could push PEPE toward $0.00006612 with 1,200% upside.
Pepe (PEPE) is trading near a critical resistance level within a wedge formation, with analysts observing momentum building fast. The token’s chart suggests a breakout could be near, as repeated tests of the resistance trendline continue to create pressure. Projections indicate a possible 100% price move if the breakout confirms.
Technical Setup Points to Imminent Breakout
PEPE has been consolidating within a wedge structure since February 2025, with price respecting both support and resistance lines. The current price trades near $0.00001182, after rebounding several times from lower support. Repeated attempts at the resistance level around $0.00001476 have yet to confirm a breakout.
According to analysis prepared by PepeCZBinance, the wedge compression signals reduced volatility, which often precedes strong directional moves. If PEPE surpasses the $0.00001476 resistance level, the projection targets $0.00002287. This level aligns with measured move analysis, indicating a potential 100% surge from current trading prices.
Volume and buying strength have shown signs of growth during the recent upward climb. This activity suggests market participation is rising. The wedge pattern also shows higher lows since August, pointing to steady accumulation as the market awaits a decisive move.
Whale Accumulation and Market Activity
Whale activity has added further momentum to PEPE’s current setup. A recent Kraken transaction saw 1.52 trillion PEPE tokens, valued at about $16 million, moved into a wallet. According to an observation by Crypto Zeus via X, trading volume surged to $1.74 billion following the accumulation, suggesting stronger confidence among larger investors.
On-chain data also revealed whales moved 11.75 trillion PEPE tokens worth $160 million in recent days. Exchange netflow decreased by $4.7 million on September 13, pointing to lower available supply on platforms. Reduced supply combined with steady demand has the potential to push prices higher in the near term.
Kamran Asghar noted that PEPE’s weekly chart reflects a broader wedge pattern from 2024 to 2027. He added that long-term projections suggest another upward wave of 1,200% toward $0.00006612, with repeated rebounds maintaining an overall upward structure.
