Pepe Coin (PEPE) has once again captured the spotlight following a decisive breakout that signals the potential for a massive rally ahead. As one of the most prominent meme coins in the crypto market, PEPE has leveraged internet-driven hype and strong community support to achieve substantial market capitalization—positioning itself as a bold contender to Ethereum (ETH), the second-largest cryptocurrency by market cap.
This momentum follows a technical breakout from a multi-week down channel, as highlighted by popular crypto analyst CW on X (formerly Twitter). The breakout indicates a shift in market structure, laying the groundwork for bullish continuation. However, CW noted that for a full-fledged bull rally to take hold, PEPE must surpass three key selling walls—starting with the $0.000019 resistance level.
$PEPE has broken the downtrend channel. The rally has already begun.
— CW (@CW8900) April 20, 2025
The real bull market will begin once the three selling walls above are broken. pic.twitter.com/19ehalsZni
Investor sentiment is also aligning with technical signals. On-chain data from Santiment reveals a notable uptick in positive sentiment toward PEPE over the past week. Since meme coins are highly sentiment-driven, this increased enthusiasm could translate into additional price gains in the near term.
Meanwhile, Ethereum’s sluggish performance has prompted concern among investors. ETH is currently trading around $1,650—significantly below its March 2025 highs. Recent data points to a surge in exchange outflows, suggesting increased selling pressure. If bearish momentum persists, ETH could fall below the $1,500 mark, potentially erasing its modest 3% gain over the past 24 hours.
The contrast between PEPE’s breakout and Ethereum’s downward pressure has sparked discussions among traders about shifting strategies. With PEPE gaining traction and ETH facing resistance, some investors are considering a bold play: buy PEPE and short Ethereum.
Also Read: Pepe (PEPE) Eyes 85% Rally: Bullish Breakout and Strong On-Chain Signals
In conclusion, Pepe Coin’s bullish breakout, growing investor confidence, and rising sentiment paint a promising outlook. On the other hand, Ethereum’s declining momentum and increased sell-offs raise red flags. As the meme coin market heats up, this may be the perfect moment for risk-tolerant traders to favor PEPE over ETH.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
A lifelong learner with a thirst for knowledge, I am constantly seeking to understand the intricacies of the crypto world. Through my writing, I aim to share my insights and perspectives on the latest developments in the industry. I believe that crypto has the potential to create a more inclusive and equitable financial system, and I am committed to using my writing to promote its positive impact on the world.
