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Following weeks of choppy price action, the popular meme coin PEPE has finally broken out of a falling wedge pattern, setting its sights on $0.00001600 in the short term.
According to crypto analysts, this sudden surge is fueled by a combination of factors, including an uptick in open interest and a significant increase in whale support. These developments suggest that investors are taking notice of PEPE’s newfound bullish momentum.
In a recent tweet, popular trader Greeny highlighted the significance of PEPE’s falling wedge breakout, emphasizing the potential for a swift retest of $0.00001600, which previously marked a mid-May peak.
Source: coinpedia.org
