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Key Takeaways
74.50% of Binance traders are going long on PEPE as the memecoin turns bullish. Its price action also signals a potential 40% rally.
Despite a modest 1.95% price uptick, bullish sentiment around Pepe [PEPE] had intensified, suggesting that a massive rally could be on the horizon.
Experts’ growing interest, a bullish breakout, and strong trader demand were driving this optimism.
James Wynn’s PEPE prediction
In a post on X (formerly Twitter), renowned crypto trader James Wynn shared a PEPEUSDT chart that revealed his strong bullish stance on the memecoin.
The chart showed that PEPE had successfully broken out of a falling wedge pattern and could reach the $0.000015 target level, which was roughly 40% higher than the press time price of $0.00001058.
In addition, Wynn shared another tweet where he boldly claimed,
“The only two blue-chip memecoins in crypto that will live on for decades to come are DOGE and PEPE.”
PEPE bullish breakout and upcoming levels
This bold claim and bullish outlook comes as PEPE breaches a resistance level formed by a descending trendline.
The breakout has turned the memecoin bullish and opened the path for a massive upside rally.
AMBCrypto’s technical analysis revealed that the current breakout appeared to be mirroring a past rally. In July 2025, PEPE broke out of a similar descending triangle, which later resulted in a 40% price uptick.
Another pattern PEPE has repeated this time is a consolidation breakout before the trendline breakout, raising the possibility of repeating its past performance.
Source: TradingView
Based on current price action and historical patterns, if PEPE sustains and holds above the $0.00001035 level, its bullish outlook will remain intact.
If this happens, there is a strong possibility that PEPE could rally 40% and reach the $0.000015 level.
Insights from technical indicator
However, the price still hovered below the 200-day Exponential Moving Average (EMA), suggesting that the asset remained in a downtrend at press time.
The 200 EMA appeared to be acting as key resistance for PEPE, and if cleared, a smooth rally could be plotted on the chart.
Meanwhile, the Average Directional Index (ADX) was hovering at 20, below the threshold level of 25, indicating that PEPE’s momentum was weak, and this breakout may fail if buying pressure faded.
74% traders go long on PEPE
It seems that PEPE traders were strongly following the bullish trend. CoinGlass’ Binance PEPEUSDT Long/Short Ratio, which measures the dominance of bulls versus bears, was 2.92 at press time.
Source: CoinGlass
This indicated that traders have opened 2.92 long positions for every short position. Meanwhile, 74.50% of Binance traders were betting on longs, while 25.53% were going short.
