Pepe Price Forms Rare Bullish Pattern – A 100% Surge Imminent?
Memecoin traders, brace yourselves. PEPE just flashed a chart formation so rare it’s only appeared twice before—each time preceding a violent upside breakout.
The frog-themed token’s price action is tracing a textbook ‘Wyckoff accumulation’ pattern—a classic signal that whales are loading up before a pump. Last two instances? 48-hour gains of 112% and 89% respectively.
Market Mechanics at Play
Liquidity pools show bid walls thickening at key support levels while perpetual funding rates stay negative—the perfect storm for a short squeeze. Derivatives traders are still net short despite the technical setup screaming reversal.
‘But fundamentals—’ Save it. This is crypto, where dog coins outperform enterprise blockchain solutions nine times out of ten. The only fundamental that matters here? The 4chan army’s collective sleep deprivation and gambling addiction.
Whether this plays out as another dead-cat bounce or the start of memecoin season 3.0 depends entirely on whether Bitcoin holds $60K this week. Either way, leverage responsibly—or don’t. The ER nurses are standing by.
MVRV indicator and whale accumulation | Source: Santiment
Pepe price technical analysis
From a technical perspective, PEPE is showing signs of a potential rebound. The token has been forming a falling wedge pattern, defined by two descending, converging trendlines. The upper trendline connects lower highs since May 23, while the lower trendline tracks support levels from May 11.
Meanwhile, the Relative Strength Index is nearing oversold territory, indicating that the ongoing downtrend may be close to exhaustion. If this pattern resolves to the upside, as falling wedges often do, PEPE could rally toward the key resistance level at $0.000015, a move that WOULD represent a 65% gain from current levels.
