Technical analysis by taika808 about Symbol PEPE: Buy recommendation (7/16/2025)

PEPE shows a compelling bullish setup following a successful breakout from a descending wedge pattern. The price has broken out and is now positioned for a potential rally toward new highs, as indicated by the upward trajectory arrow. Key Technical Signals: - Clean breakout from descending wedge formation - Strong momentum building after extended consolidation period - Volume supporting the breakout move Price Targets: - First resistance: 0.00001800 (pink resistance zone) - Extended target: 0.00003500+ (following the projected path) Risk Considerations: - Meme coin volatility requires careful position sizing The technical setup suggests PEPE is well-positioned for a significant upward move, with the breakout confirming renewed buying interest after months of consolidation.