PEPE: Current Structure and Price Action

The chart shows that PEPE has been consolidating within converging trend lines for several months. Lower highs and higher lows form a narrowing range, ending near the wedge’s apex. PEPE’s price is currently testing the wedge’s support, suggesting that the market is preparing for a decisive move.

Steph emphasizes the magnitude of the potential move. The breakout target, measured from the wedge’s widest point, suggests a 606.24% gain. This calculation is based on the wedge’s height projected from the breakout point, which aligns with standard technical analysis practices. The technical setup supports the view that PEPE could enter a strong bullish phase in the coming weeks.

This upcoming $PEPE breakout will create many fresh new millionaires! pic.twitter.com/9RSYR0SrFH

— STEPH IS CRYPTO (@Steph_iscrypto) March 16, 2026

How High Can PEPE Go?

PEPE currently trades at $0.000003979. A 606.24% rise would send it to $0.0000281, placing it just below its all-time high of $0.00002825. However, this move may be the start, as the meme coin community debates PEPE’s long-term potential and its ability to make millionaires. This surge could be the start of a bigger move toward much higher levels.

Falling wedges are generally bullish continuation or reversal patterns. When an asset’s price consolidates in this manner, selling pressure diminishes, while buyers gradually regain control. The recent price behavior within the wedge shows tests of support and resistance. Each test reduces volatility and tightens the range, which often precedes strong directional moves.

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Market Outlook

Steph’s analysis positions PEPE for a major increase relative to its current price. While other assets are trying to mirror PEPE’s previous performance, the asset is gearing up for another massive upward move. Traders and investors are likely monitoring the wedge closely, as the breakout could trigger rapid momentum and high-volume buying.

PEPE is approaching the breakout zone. The current price action aligns with historical wedge patterns, where the final consolidation phase triggers accelerated upward movement. The visual projection on the chart marks a significant potential rally if the price breaks above the wedge’s upper boundary.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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While most crypto assets appear to experience a mild price correction, PEPE’s price variables indicate a profitable outlook for current holders and traders joining the bandwagon.

Read Also: PEPE Now Has More Trading Volume Than XRP, Gains over 18% in Last Day

Amid the frog-themed token’s impressive price actions, some traders are making massive gains, like the trader that reportedly flipped an $83 PEPE investment into $79.4 million, representing a return on investment (ROI) in multiples of 958,850.

The above investor’s trading exploits were tracked and shared on X by Lookonchain, a renowned crypto assets market actions tracker, via its verified handle.

Trader’s Investment Strategy

According to the post on X, the yet-to-be-identified trader had staked 0.041 ETH from three different wallets, valued at about $83, to accumulate 6.44 trillion PEPE tokens, noted to be worth around $79.4 million at the time of making the post on X.

Lookonchain noted that the trader is still holding on to his PEPE holdings, which says a lot about his discipline and patience, placing him in a pole position for a more significant profit, as the meme coin is not showing any sign of declining anytime soon.  

Transaction Details Revealed Trader To Be Among PEPE’s Early Investors

Accessing the trader’s transaction links, we discovered that the three transactions happened about a year ago, coinciding with the same period when PEPE initially graced the crypto market.

The first transaction involved 0.0143 ETH, valued at roughly $28.73 as of then, and accumulated 2.14 trillion PEPE Coins. The second and third swap deals exchanged about 0.0135 ETH worth around $27 for a combined 4.3 trillion PEPE tokens.

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PEPE’s Incredible Journey After Its Release

After coming on board in 2023, PEPE did not take long before it began manifesting positive signs of a token with tremendous potential, ready to take the meme and altcoin market by storm.

Read Also: Pepe Coin Surges 16% Today: Here’s How Much You Need to Be a PEPE Millionaire

Interestingly, the coin, which graced the crypto market at a $0.0000000658 selling price, appreciated by more than fifteen million percent in the second quarter of 2023, completing the year at an average 12.3 million percent quarterly price spike.

The coin recently attained a new price all-time-high (ATH)of about $0.00001569 a few hours ago. Remarkably, it exceeded a previous ATH to clinch the now former peak price earlier yesterday. Should the coin maintain its current momentum, chances are high that it could displace Shiba Inu (SHIB) or Dogecoin (DOGE) to rank among the top two meme coins.

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The post Trader Turns $83 Into $79 Million with PEPE. Here’s how appeared first on Times Tabloid.

This upward momentum can be attributed to a significant whale transfer involving PEPE tokens. The recent surge in price has sparked curiosity among investors, prompting the question: how many tokens would it take to become a PEPE millionaire?

As PEPE is valued at $0.000001426 at the time of press, which means owning $1.426 can make someone a PEPE millionaire, with $1 equivalent to 701,262.27 PEPE.

Read Also: American Politician Applauds Shiba Inu (SHIB), Says “Thank Goodness We Are Not PEPE”

The Notable Whale Transfer

As reported by Lookonchain, a whale in the Pepe Coin market recently initiated a substantial withdrawal of 2 trillion PEPE tokens from Binance. This transfer alone amounts to an estimated value of approximately $3 million.

This particular whale has made headlines before with similar transactions. In the past, they withdrew 3.94 trillion PEPE tokens, equivalent to $6.46 million, on two separate occasions: June 27 and July 5. Interestingly, on July 14, the whale also deposited 3.94 trillion PEPE tokens, valued at $7.06 million at that time, resulting in a profit of approximately $600,000.

A whale withdrew 2T $PEPE ($3M) from #Binance 30 mins ago.

The whale withdrew 3.94T $PEPE ($6.46M at that time) from #Binance on Jun 27 and Jul 5.

Then deposited 3.94T $PEPE ($7.06M at that time) to #Binance on Jul 14, the profit is ~$600K.https://t.co/lcyPKweum9 pic.twitter.com/KOYeFhdhHz

— Lookonchain (@lookonchain) July 23, 2023

The recent withdrawal by the Pepe Whale suggests a sense of confidence in the long-term prospects of Pepe Coin. This move could potentially influence other investors, leading to an increase in demand for PEPE tokens and subsequently driving up its price. Investors might be rushing to secure their positions in anticipation of an imminent price surge.

Read Also: Purchasing PepeCoin (PEPE) Made Simple in 2023: Details

Outlook for Pepe Coin

It remains uncertain how much higher PEPE would rise. However, the actions of the notable whale indicate a bullish sentiment surrounding the token.

If the bullish trend continues, it is possible that Pepe Coin could reach a new all-time high in the near future. Investors will be closely monitoring the market to gauge whether the price surge will extend beyond its current gains.

As the market unfolds, investors will eagerly await further developments in their quest to join the ranks of PEPE millionaires.

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