$PEPE price surge imminent? Whale buys $5M in tokens because… - AMBCrypto Analytics

According to recent technical analysis from AMBCrypto, PEPE is showing strong signs of a bullish breakout. The memecoin has formed a falling wedge pattern, typically signaling a rally. If it manages to close above the key resistance level of $0.00000974, a 40% surge to $0.0000133 could follow in the coming days. Currently, PEPE is trading above the 200 EMA on the daily chart, confirming its upward trend.

Supporting this bullish narrative, on-chain metrics are also positive. PEPE’s liquidation levels are concentrated between $0.00000905 and $0.00000979, with traders reportedly over-leveraged, as noted by Coinglass. Moreover, the Open Interest has increased by 40%, indicating growing confidence among traders in PEPE's potential. All signs point to a possible rally, with both technical and on-chain data aligning in favor of PEPE’s upward trajectory.