PEPE’s Triangle Pattern and ARB’s Channel Breakout: What’s Next?

Pepe (PEPE) and Arbitrum (ARB) are gaining attention for their potential for big gains this quarter. Both tokens are showing distinct technical patterns that could signal major price movements.

Right now, PEPE is hinting at a breakout. The token is trading at $0.000009, with a 24-hour trading volume of $689,153,006. Despite a recent decline of 1.82%, the chart reveals a symmetrical triangle pattern, indicating a consolidation phase. As per analysis by Captain Faibik, this pattern, characterized by converging trendlines, suggests a big price move could be coming soon.

If PEPE breaks above the upper trendline, currently at approximately $0.00000115, it could shoot up to $0.00000460. This represents a significant upside, given the triangle’s projected height.

Source: X

The immediate resistance near $0.00000115 is crucial. A solid break above this level could signal a bullish trend, pushing the price much higher. Conversely, if PEPE fails to break this resistance and falls below the lower trendline at $0.00000075, it might test the secondary support level of $0.00000045. Hence, traders should watch these levels closely for signs of either a bullish or bearish shift.

Captain Faibik’s further analysis shows that ARB is currently moving within a descending channel, trading at $0.601173 with a 24-hour volume of $164,018,942. The recent 0.68% drop has not dampened the token’s potential for a strong rebound.

The descending channel pattern, although typically bearish, can sometimes precede a bullish reversal if the price breaks above the upper trendline. ARB is testing this upper boundary, and a decisive breakout above $0.65 could signal a reversal and lead to a target of around $1.45.

Key support levels for ARB are $0.39, which recently acted as a rebound point, and $0.45, where the price previously stabilized. If ARB continues to respect these support levels while aiming for the resistance at $0.65, the token could be ready for a big upward move. But, if it fails to break the resistance, it might retest the support levels, possibly leading to further declines.