The PEPE meme coin has broken out of a falling wedge pattern, surging 3.5% in 24 hours to reach $0.00001007 despite a 2% decline in the broader crypto market. This marks a 13% gain over two weeks, though the token remains down 12% monthly and up only 9% annually.
Technical analysts highlight a recurring historical pattern: previous falling wedge breakouts preceded 10x price surges during accumulation phases. Bitcoinensus identified three distinct cycles—accumulation, flag formation, and breakout—with the current breakout potentially extending into mid-2026. Solberg Invest sets a near-term target of $0.0000110 if PEPE maintains support above $0.0000102, with a bullish $0.000015 longer-term objective.
Despite trading volume dipping to $764 million (below November/December peaks), whale accumulation has intensified over the past month. Key indicators show the Relative Strength Index cooling from 70 to 50, signaling moderated momentum. Analysts project $0.00001150 by late August and $0.000030 by year-end, contingent on positive macroeconomic developments like US tariff resolutions by August 1.