Will the PEPE Cryptocurrency Fall Prey to the Rising Wedge?

PEPE is on the mend, with a price that has been climbing off its recent low and a huge $1 billion volume inflow to back it up.

To help you predict the future of PEPE prices, we've analyzed the most recent price movements in this post.

Presently, PEPE is trading at $0.0000176, reflecting a 1-day move of -1.4%, and its price is still in an ascending wedge pattern.

Attempts to break over local resistance around $0.00001942 prompted price movement to rocket to the upward Wednesday, which followed an influx of almost $1Bn in trading volume.

Still, investors may be worried that the PEPE price is building a bearish rising wedge pattern if it meets resistance quickly, leading to a lower daily high.

The rising wedge looks negative since the trendlines are becoming narrower; this shows that the bullish momentum is getting weaker, even if there has been higher high attempts and extended consolidation over the last week.

Now everyone is waiting to see whether the descendent 20DMA, which is now sitting around $0.00002020, will trigger a downward reversal or allow PEPE bulls to regain important moving average support when it arrives at the present consolidation zone.

A glimmer of optimism appears in the relative strength index (RSI), which has cooled to positive divergence throughout the consolidation move and is presently reading 48. This might indicate that an upward breakout is imminent, which runs counter to the concerning technical pattern.


The result is that PEPE has a $0.000019 upside objective (a potential +7.85%) and a $0.00001728 downside risk (a possible -2.37%). As a result, there is a short-term risk: reward of 3.31, making it a probable strong swing trade.

#DEXVolumeRecord #PEPE #btc2025 $PEPE $DOGE $BONK