A technical analysis suggests that Pepe coin might be on the verge of a significant upward movement, potentially doubling in value.
According to the chart shared by Crypto Charts (@Cryptokartha), the popular Pepe meme coin is close to breaking out of a falling wedge pattern, signaling a possible bullish reversal. “PEPE Breaking Falling Wedge, Send It Towards 80-120% #Pepe,” noted Cryptokartha in his analysis.
The technical analysis shows that Pepe Price has been forming a falling wedge pattern from early November 2024 through late March 2025. This pattern consists of two converging downward sloping trendlines where the price moves between them with progressively lower highs and lower lows.
The pattern typically signals a downtrend that’s losing momentum. When the price is getting closer to the upper trendline, as Pepe Coin is showing, it suggests that buyers could be about to overpower sellers. A decisive breakout could lead to a substantial rally.
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Potential Price Targets for Pepe Coin
Cryptokartha’s analysis projects a move of at least 65.57% if the breakout happens, but his tweet suggests even more optimistic targets between 80% and 120%. If these projections hold true, the Pepe meme coin could see tremendous growth in the coming weeks.
Such moves aren’t uncommon in the meme coin space, where rapid price appreciation can happen when technical signals align with growing market interest.
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What This Means for Meme Coin Investors
The potential rally in Pepe coin comes at an interesting time. While Cryptokartha’s analysis is specifically focused on the technical aspects of Pepe Price movement, it’s worth noting that such breakouts could spike renewed interest in the entire meme coin sector.
Historically, when major meme coins like Pepe begin significant upward movements, they can pull the entire meme coin market along with them. Cryptokartha’s identification of this pattern may be signaling not just a move for Pepe, but possibly a broader shift in sentiment toward meme coins as an asset class.
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