has also led to a falling wedge pattern on the daily

The volume/market cap ratio was 17.60%, representing strong liquidity in PEPE price. Over the daily chart, the PEPE crypto price has witnessed significant profit-taking, resulting in a sharp decline of 55% over the last two and a half months.

This bearish trend has also led to a falling wedge pattern on the daily chart. Furthermore, the pattern suggested that momentum may shift.

Currently trading at $0.00000747, PEPE was pushed higher this week from the demand zone.

The chart suggests PEPE might attempt to advance above$0.00000878, which could act as resistance. However, if buying pressure surges, the meme-coin could break through this level and attain a character change (ChoCh).

Another key area to monitor is the supply zone near$0.00000989, where PEPE has faced multiple rejections before. The next target could be around $0.0000130 if it surpasses this zone.