Pepe (PEPE), the popular meme coin, has surged significantly, riding the wave of a broader market rally that has sparked optimism among investors. With major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) showing strong momentum, smaller altcoins and meme tokens, including PEPE, have followed suit.
Crypto Analysts Signal Breakout Potential For PEPE
In the latest development, PEPE broke out from a symmetrical triangle pattern—a formation known for forecasting significant price movements. CryptoBull, a well-known crypto analyst, shared a chart on X (formerly Twitter) highlighting PEPE’s breakout within the 4-hour timeframe.
According to CryptoBull, if the coin consolidates above its trendline, PEPE could see a 40-50% price surge in the short term. The increasing trading volume further supports the possibility of upward momentum. This surge comes at a time when meme coins across the board are seeing renewed interest from traders, eager to capitalize on the next big rally.
PEPE Coin Jumps 7% in 24 Hours
PEPE experienced an impressive 6.49% gain in the last 24 hours, bringing its value to $0.000001035. The token saw price fluctuations throughout the day, reaching a low of $0.0000009384 and a peak of $0.000001053.
The rally coincided with broader market gains led by Bitcoin’s rise beyond $64,000 and other cryptocurrencies such as Solana (SOL) and XRP posting gains. Meme coins, including BONK, POPCAT, and SHIB, also contributed to the bullish sentiment, boosting enthusiasm across the crypto space.
PEPE Primed for More Gains
Another prominent analyst, Crypto Zeus, noted that PEPE is showing strong bullish signals after holding support levels firm during a brief correction. Zeus’s analysis suggests that the meme coin could be gearing up for another upward breakout, aligning with technical indicators that forecast sustained momentum.
Encouraging long-term investors to stay optimistic, Zeus emphasizes the promising trends developing within PEPE’s chart. With the market rally in full swing, many expect the meme coin’s upward trajectory to continue, potentially delivering significant returns.
Also Read: PEPE Price Surge 36% – Can It Break Above $0.000013? Technical Analysis and Market Outlook
As the cryptocurrency market experiences renewed optimism, PEPE coin is positioning itself for a major price surge. With bullish technical patterns and rising interest in meme tokens, analysts believe the token could see gains of up to 50% in the short term. Investors are eagerly watching for further breakouts as the market continues to move higher, offering opportunities for both short-term traders and long-term holders.
If PEPE consolidates above critical levels, it may become a top-performing meme coin in this rally, contributing to the growing excitement across the crypto sector. Will PEPE reach new heights? Only time will tell.
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.
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