During Wednesday’s U.S. market session, the crypto market experienced heightened selling pressure as Bitcoin dipped below $67,000. This downturn contributed to a 1.9% decline in **Pepe coin price**, testing critical support at **$0.00001. However, prominent analysts anticipate an imminent breakout, projecting a surge toward a $25 billion market cap**.
Bullish Pennant Pattern Signals Potential Rally
Renowned crypto analyst WhaleInsider identified a bullish pennant pattern in PEPE’s market cap chart. This technical formation typically emerges during strong uptrends, signaling consolidation before a continuation of bullish momentum.
Key observations:
- The pattern formed in early 2024 preceded a rally to $7.5 billion market cap.
- A breakout could propel PEPE toward $25 billion, representing a 233% growth potential.
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Price Implications of Market Cap Growth
At current levels ($0.000097, $4.07B market cap), achieving a $25B valuation would theoretically push PEPE to **$0.000596* (assuming constant supply*).
Declining Exchange Supply Indicates Strong Holder Sentiment
Data from Santiment reveals:
- Exchange-held PEPE dropped 15.2% (227T → 192.4T tokens) since March 2024.
- Top addresses maintain 45% supply share, demonstrating long-term confidence.
This reduction in liquid supply suggests:
✔️ Decreased selling pressure
✔️ Strengthened holder conviction
✔️ Potential for accelerated price appreciation
Technical Analysis: Triangle Pattern Nearing Resolution
Crypto trader Bitcoin Meraklısı highlights PEPE’s consolidation within a symmetrical triangle. Key levels to watch:
Bullish Scenario
- Breakout above resistance: Targets at $0.000013**, **$0.0000166, and $0.000024
- Requires renewed Bitcoin bullishness
Bearish Risk
- Breakdown below support: May extend consolidation phase
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FAQ: Pepe Coin Price Prediction
What price could PEPE reach with a $25B market cap?
Assuming constant supply, PEPE could hit $0.000596 (513% increase from current levels).
Are investors holding PEPE long-term?
Yes. Declining exchange reserves (+45% supply held by top wallets) signal strong holding sentiment.
What’s the key technical level for PEPE?
The triangle’s lower trendline acts as critical support. A hold could lead to breakout rallies toward $0.000013–$0.000024.
Disclaimer: This analysis reflects market conditions and should not constitute financial advice. Always conduct independent research before investing.
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