Pepe (PEPE), the meme coin sensation of 2023, may be on the verge of a massive breakout as a critical triangle consolidation pattern tightens on the daily chart.
By Parth Dubey
Editor Yana Khlebnikova
Updated
3 mins read
According to popular crypto analyst Ali Martinez, PEPE is ready for a 78% price move, indicating that the frog-themed meme coin could soon see explosive volatility in either direction.
A chart shared by Martinez shows PEPE consolidating within a descending triangle, where both lower highs and higher lows have compressed price action into a narrow range.
This structure often acts as a precursor to strong price expansion once the asset chooses a direction.
$PEPE readies for a 78% price move! pic.twitter.com/z7zN3ZXe25
— Ali (@ali_charts) September 17, 2025
As per the chart below, Martinez’s 78% target comes from measuring the height of the initial triangle formation and projecting it from the potential breakout point.
If PEPE breaks upward, this implies a surge toward $0.000018–$0.000022, nearly doubling its value from current levels.
On the other hand, a downward break could send the coin tumbling by as much as 44%, dragging it back toward the $0.0000055–$0.0000060 support region.
According to CoinMarketCap, PEPE is trading at $0.000009728, down 7.3% in the last 24 hours and over 14% in the past month. Despite the price correction, trading volume surged 104.38%.
Meanwhile, the RSI currently sits at 46.65 while the MACD shows compressed signals, with the MACD line and signal line nearly overlapping.
Source: TradingView
It is important to note that the immediate resistance lies near $0.000012, with the larger upside target sitting above $0.000016 if the breakout sustains.
Meanwhile, critical support rests at $0.000009, with deeper retracement targets near $0.0000055.
If PEPE bulls manage to push through the triangle’s upper trendline, a breakout rally toward $0.000016–$0.000022 could ignite renewed hype around meme coins, potentially kick-starting a broader “Meme Coin Season”.
However, failure to hold the triangle’s support zone could invite a steep correction, wiping nearly half the token’s recent gains.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
