Jakarta, Pintu News – According to Coingape (26/8), the price of Pepe Coin (PEPE) has experienced volatility in recent sessions, with sharp fluctuations in a single day but remains consolidated in an increasingly narrow structure. The asset is trading at $0.00000963 after a daily decline of 11%.
However, the bigger picture shows a market that is gearing up for bigger moves. Prices have been moving in a symmetrical triangle pattern that lasted for several months.
Formations like this can be an indication of a major breakout when supply is tight and volatility is narrowing.
PEPE price is slightly above its important demand zone at $0.00000913-$0.00000973, a region that has repeatedly served as a glide point in its symmetrical triangle structure.
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The token has the potential to experience a 130% surge, provided it manages to bounce off the demand zone between $0.00000913 and $0.00000973.
This region has been a consistent launch point, and the current formation suggests a temporary correction followed by a strong rebound. The first resistance level is at $0.00001081, the second at $0.00001160, and the third at $0.00001273.
If these levels are successfully broken, bullish targets will lead to a breakout target at $0.00002100. The narrowing Bollinger Bands indicate a decrease in volatility, which is a sign that a significant move is imminent.
Thus, a retest of this support could be a decisive factor in unlocking the upside potential of PEPE prices in the long term.

The DMI indicator supports this view, as the -DI line shows modest bearish pressure, following a weak ADX trend strength indicator. This is consistent with the notion that the correction is only superficial, not a structural breakdown, with buyers still in control of the key area.
The combination of the narrowing Bollinger Bands at support and the narrowing Bollinger Bands suggests a rebound is more likely than a further decline.
As long as the support holds, the breakout roadmap is still valid. In addition, PEPE also has the potential to push the price to new levels above 130%.
This corrective decline supported by the DMI, ADX, and BB indicators, thus, prepares for a possible bullish reversal, making it one of the best meme coins.
On-chain data from exchanges reinforces this view, with $19 million worth of PEPE withdrawals on August 26, according to CoinGlass analytics. Outflows of this magnitude usually signal accumulation, not selling pressure.
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Tokens withdrawn from circulation and held in self-custody reduce the tradable supply. As a result, this leaves fewer coins to meet any surge in demand that may occur. This practice in the long run forms a situation where the likelihood of a shortage of supply will increase if buyer interest increases.
The link between the outflow from the exchange and the narrowing chart pattern is interesting. This suggests that large holders may be preparing for the expected upward movement.

When the outflow continues and the defended support remains, a bullish scenario becomes increasingly likely. Signals like this rarely happen for no apparent reason, which further strengthens optimism.
Overall, the PEPE price is approaching an important demand zone where technical compression and on-chain data support each other. The low ADX value supports the view that the last bearish move was more of a correction than a structural move.
Together with the $19 million drawdown, the probability of a recovery at support is very high. If demand increases, PEPE could experience a strong breakout that has long been predicted by its chart patterns.
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