PEPE Coin: Breaking Out, Driven by Retail Buying and Technical Signals

The PEPE token is showing signs of a breakout as it nears the $0.00000708 mark after a significant 12% gain over the past week. With analysts closely monitoring its price structure for an upcoming move, this meme coin is gaining momentum as retail traders and institutional investors alike show interest. 600 billion PEPE was scooped up by five wallets in a single day, suggesting growing retail support. Technical signals are also driving this potential surge. A bullish pennant pattern is forming, aligning with technical setups for price continuation, according to analysis from MadWhale and MasterAnanda on TradingView.