Technical analysis by NorseCryptoViking about Symbol PEPE: Buy recommendation (6/7/2025)

Since May 12–17, PEPE has been forming a Falling Wedge pattern on the chart—a classic bullish reversal structure. Based on previous technical signals and pattern recognition, this setup often precedes a breakout to the upside, potentially pushing price towards a new all-time high (ATH) or levels approaching it.Here is my takeA similar price structure was observed leading up to the breakout between November 7–14, 2024, when PEPE surged to a new ATH. The current consolidation phase closely mirrors the pre-breakout behavior seen during that period, including volume contraction, narrowing volatility, and resistance retests.Given this setup, there is a strong likelihood of an imminent bullish breakout, with price likely to establish new higher ranges. Confirmation of breakout would be a sustained move above the wedge resistance, ideally supported by increasing volume.ConclusionPEPE is currently consolidating within a bullish continuation pattern. If market conditions remain favorable and the breakout confirms, we could see a significant upward move in the short to medium term.Are you ready for the breakout?