PEPE Bulls Eye $0.000015 After Bullish Breakout
The popular memecoin PEPE has captured the spotlight once again, igniting bullish optimism among traders and analysts. Following a recent breakout from a falling wedge pattern, PEPE could see a 40% rally, reaching the target price of $0.000015. This move has crypto enthusiasts buzzing as new data reveals that the market is leaning heavily toward a bullish momentum.
The breakout comes on the heels of increased trader interest. According to a recent tweet by renowned crypto trader James Wynn, PEPE’s recent price movement mirrors a historical pattern that led to notable price surges in the past. Wynn’s analysis underscores optimism about the coin’s potential, stating, “The only two blue-chip memecoins in crypto that will live on for decades to come are DOGE and PEPE.”
PEPE’s Price Action and Technical Indicators
Technical analysis highlights that PEPE has breached a resistance level formed by a descending trendline, positioning the coin for a potential wave of upward momentum. The $0.00001058 level currently serves as a support, while the $0.000015 price target sits roughly 40% above its current value.
Historical data shows that PEPE made similar moves back in July 2025, when a breakout from a descending triangle pattern led to a 40% price increase. If PEPE sustains its position above the $0.00001035 level, traders and analysts believe a rally to the $0.000015 mark is a strong possibility.
However, the coin still faces resistance from the 200-day Exponential Moving Average (EMA). Clearing this resistance level could pave the way for a smoother and more significant rally. Conversely, the Average Directional Index (ADX) sits at 20, which is below the threshold level of 25. This reflects a weak momentum, posing the risk of a failed breakout if buying pressure diminishes in the coming days.
Traders Show Confidence Despite Risks
Data from CoinGlass reveals that 74.50% of Binance traders are going long on PEPE, while the Long/Short Ratio sits at a bullish 2.92. This shows a strong leaning toward long positions, signaling high confidence among traders despite PEPE’s price still trading under its 200 EMA.
As of now, PEPE’s future remains tied to sustained buying pressure and the ability to stay above critical support levels. A clear break past resistance could validate predictions of a significant rally.
Explore Related Products for Crypto Enthusiasts
If you are actively monitoring the crypto market, reliable tools can enhance your experience. We recommend the Ledger Nano X Hardware Wallet for secure storage of your assets. Its easy-to-use interface and high-end security features make it a perfect choice for both beginners and seasoned investors.
