Pepe has just broken out of a falling wedge, a classic bullish signal, setting the stage for what could be a massive 2,000% rally boosting the Pepe price predictions.
This is the first instance of a falling wedge on the weekly chart since mid-2024, just before the meme coin saw a 10x surge—something popular X analyst Bitcoinsensus notes as significant.
Much like the previous cycle, a drawn-out accumulation phase has built up to this concluding pattern, but this time Bitcoinsensus anticipates an even larger move.
Following local tops and bottoms framed by a long-term ascending broadening wedge, a 20x rally could be on the cards if the setup plays out.
“The next big move up will probably lead to the cycle top,” the analyst added.
Pepe Price Analysis: The Key Barrier to a 20x move
The early July surge has pushed Pepe to retest critical support at $0.00001030—the final barrier to rule out a false breakout of the falling wedge as the conclusion of a 6-month cup-and handle.
PEPE / USDT 1-day chart, falling wedge forms cup-and-handle. Source: TradingView, Binance.
Having completed the corrective ABC phase of a potential Elliott Wave structure, mid-June now stands as a likely local bottom, favoring bullish continuation within the pattern’s broader trend.
Momentum indicators tell a similar story: buy pressure is returning. The RSI has now broken above the neutral line, suggesting the push comes with conviction as buyers overwhelm sellers.
More so, the MACD line is now widening its gap above the signal line after moving in close parallel since its late June golden cross, adding weight to a lasting uptrend.
Should the PEPE price close above $0.00001035 decisively, the full cup-and-handle projects a technical target in line with the 1.618 Fibonacci level near $0.00002160—a 117% gain from current levels.
While this is a first step, the 2000% target will likely hinge on more sustained long-term growth driven by increased adoption and deflationary measures like token burns, given Pepe’s $4.28 billion market cap.
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