The PEPE token, despite slipping 1% in the past 24 hours, has quietly formed a textbook bullish reversal pattern known as a “mini falling wedge” on the daily chart, offering early signs of a potential breakout.
The PEPE token, despite slipping 1% in the past 24 hours, has quietly formed a textbook bullish reversal pattern known as a “mini falling wedge” on the daily chart, offering early signs of a potential breakout.
After reaching a local high of $0.00000944, the price has pulled back, failing to breach that resistance level, but the consolidation inside a contracting wedge hints at an incoming move
PEPE Falling Wedge Formation
A falling wedge is typically a bullish pattern that signals the exhaustion of selling momentum.
In PEPE’s case, this mini falling wedge resembles previous breakout structures on the chart – most notably in December 2024 and March 2025 – both of which were followed by strong rallies. This recurring pattern structure adds credibility to the structure.
As per the 12H chart below, the Relative Strength Index (RSI) sits at 37.5, with a slight uptick toward 39. While still in bearish territory, this signals that PEPE is nearing oversold conditions and may soon rebound as momentum shifts.
The last two wedge breakouts occurred under similar RSI conditions, followed by sharp rallies.
PEPE 12H Chart. Source: TradingView
Looking at the MACD, it is clear that the blue MACD line is attempting to curl back up toward the signal line, which could mark the beginning of a bullish crossover.
Although still negative, the convergence indicates waning bearish momentum and a possible shift to the upside if follow-through volume enters.
On the Fibonacci retracement drawn from the April rally top to the May low, PEPE is currently hovering just above the 0.618 level, a historically key level for bullish reversals.
If the wedge breaks to the upside, the immediate target would be the 0.00001200 level (Fib 0.5), followed by stronger resistance near 0.00001500. A successful breakout with strong volume could even attempt a retest of the 2025 high near $0.00002300.
As PEPE Eyes Major Breakout, Snorter Token Showcases Dominance
While PEPE eyes new highs, Snorter Bot ($SNORT) – a next-generation Telegram-based trading assistant – has raised $1.3 million in its ongoing presale.
The project is designed to streamline the process of buying, sniping, and managing on-chain tokens – beginning with lightning-fast execution on the Solana blockchain.
Developed to address core pain points in crypto trading, Snorter Bot embeds an institutional-grade trading experience directly inside Telegram, the social hub of the meme coin and degen trading community.
$SNORT powers premium access within the bot, unlocking benefits such as the lowest fees (0.85% execution rate), auto-sniping, staking yields, and community rewards.
Token holders also have the chance to stake their tokens and earn rewards up to 250% per annum.
To purchase the token at the current price of $0.0965, simply hover to the official Snorter Bot website and connect a supported wallet – like Best Wallet.
You can swap crypto or use a card to complete the transaction.
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