PEPE coin is showing technical signs of a potential breakout, with its price testing the falling wedge pattern resistance near $0.00001050. This pattern, forming since late May, typically precedes bullish reversals and could propel PEPE toward $0.000012-$0.000014 if decisively broken, with $0.000015 as a longer-term target. Currently trading at $0.00000967 after a 3.7% 24-hour gain, PEPE has established higher lows at $0.00000920, $0.00000927, and $0.00000948.
Concurrently, a golden cross pattern emerged as the 50-day moving average crossed above the 200-day average - a historically bullish indicator. Trading volume spiked during recent resistance tests near $0.00000963, signaling buyer conviction. However, whale transactions plummeted 75% since May's peak to under 200 daily large trades, and open interest fell 5.71% to $470.49 million, indicating reduced speculative pressure.
On-chain metrics reveal mixed signals: the profit-to-loss ratio hit 2.55 (highest since early May), suggesting potential sell pressure from 26.5% profitable holders. Yet wallet growth remains robust, exceeding 400,000 addresses. MACD shows bullish momentum emerging, though CMF remains negative at -0.17. External factors like easing U.S.-India trade tensions and cooled Iran-Israel conflicts contribute to cautious market optimism.