PEPE Memecoin Breaks Out 7.3% From Falling Wedge Pattern

PEPE, a memecoin, has shown signs of a breakout from a falling wedge pattern, according to a chart shared on July 2, 2025. The coin has risen from 0.00000932 after rebounding at the lower wedge boundary, with a projected upside placing the target between 0.00000980 and 0.00001020. The breakout was noted by user JamesWynnReal, who posted the chart at 4:58 AM UTC. The tweet received significant engagement, with over 78.9K views and more than 700 reposts. The chart identified key resistance near 0.00000952 and 0.00000962, with PEPE trading just below those levels.

The falling wedge is a known bullish reversal pattern, formed by descending trendlines converging over time. In PEPE’s case, the wedge started from the local peak near 0.00001080. Price declined sharply before forming lower highs and lower lows within the wedge. After touching the lower trendline, price rebounded to 0.00000932, breaking the upper wedge line. The chart shows a vertical target path suggesting a measured move of approximately 88 to 100 points from the breakout. This places PEPE’s target in the region of 0.00001000 and above.

Volume metrics also show an increase near the breakout zone, a behavior often seen when price escapes wedge formations. Traders interpret this as confirmation that short-term reversal pressure may take effect. PEPE now faces immediate resistance at the EMA levels near 0.00000952 and 0.00000962. If PEPE maintains its breakout momentum, the target lies in the upper resistance band between 0.00000980 and 0.00001020. These zones represent price levels where previous sellers were active and price stalled. The move would complete the wedge pattern’s projected range.

The volume profile suggests thin resistance between 0.00000940 and 0.00000980. This could allow PEPE to move quickly if buyers continue to step in. A clean break above 0.00000962 would likely open the way toward the top end of the range. Price support is now at 0.00000920, aligning with the lower boundary of the former wedge. If PEPE falls below that mark, the breakout would be invalidated. Until then, traders may monitor whether price builds momentum or retraces.

The question now is whether PEPE can maintain its technical setup or if volatility will erase the gains. Memecoins often react strongly to sentiment, so follow-through may depend on broader market activity. However, technical traders view the current structure as valid. JamesWynnReal’s tweet warned viewers not to chase the pump, suggesting price could pull back before hitting the target. Still, the breakout structure remains intact as long as PEPE holds above the wedge top. Short-term traders are closely watching the reaction at the 0.00000960 level.

The reaction to this setup has been strong on social media, with hundreds of traders commenting and engaging with the chart. Whether the pattern reaches full target or not, the falling wedge has brought new focus on PEPE’s technical path. The breakout chart shows that PEPE may hit 0.00001020 in a fresh pattern, with key resistance levels between 0.00000952 and 0.00000962 remaining in focus. Price may test support at 0.00000920 before continuing its rally toward the 0.00001020 target zone.