 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
Cryptocurrency News Articles
PEPE Has Just Made a Major Technical Breakout While on-Chain Metrics Reveal Aggressive Whale Accumulation and Reduced Exchange Supply
May 23, 2025 at 08:33 pm
Let's explore what this means for the memecoin's next move. PEPE Surges 13% After Bullish Pennant Breakout, Eyes 63% Rally to $0.00002524
Pepe Coin (PEPE) price showed strength on Wednesday morning as it broke out from a pennant pattern and saw technical support at the 50-period Exponential Moving Average (EMA). At the same time, on-chain metrics highlight sustained whale accumulation and reduced exchange supply, which could bode well for the memecoin’s next move.
PEPE Surges 13% After Breakout, Eyes 63% Rally to $0.00002524
Pepe Coin broke out from the pennant pattern, gaining 13% in the process. Further gains of 63% could take it to the projected target of $0.00002524.
The Relative Strength Index (RSI), which measures momentum, stands at 66.02, suggesting strength without being overbought. The 50-period EMA, often used to identify trends, is currently at $0.00001364 and now acts as support.
At the same time, trading volume soared to 4.39 trillion, supporting the strength of the breakout. The price has decisively moved above the pennant’s upper boundary and the EMA, reinforcing the bullish outlook.
If buyers maintain pressure, PEPE could approach the projected target of $0.0
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
