PEPE formed a descending channel pattern on the 4-hour chart as of June 15, 2025.
A descending channel pattern appears when price moves between two downward-sloping parallel lines, indicating lower highs and lower lows during a downtrend.
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If this pattern confirms a breakout to the upside, PEPE may rise by approximately 85% from the current price of $0.00001115, targeting a move toward $0.00002051.
The price has been moving inside the red parallel channel since late May. The 50-period Exponential Moving Average (EMA), currently at $0.00001163, acts as dynamic resistance. PEPE is trading below this EMA, which signals that sellers still hold control.
However, the price recently bounced near the lower boundary of the descending channel. This type of rebound often precedes a breakout attempt, especially if accompanied by rising volume.
The previous strong rally in early May created the initial momentum, and the current structure appears to be a consolidation phase. If PEPE breaks above the channel’s upper resistance line with strong volume, the 85% breakout projection could play out, measured from the height of the previous upward move.
Until that breakout happens, the descending channel remains valid, and the risk of continued consolidation or downside persists. Still, the presence of a measured breakout target at $0.00002051 shows significant potential if buyers return with strength.