- Pepe (PEPE) is showing strong bullish chart patterns, with analysts eyeing a potential breakout that could lead to a 100% rally toward $0.000013.
- While macroeconomic uncertainty may limit upside momentum, technical indicators suggest PEPE is primed for a significant move.
PEPE market price has been relatively quiet at the start of this week. Notably, the token was just hovering around $0.000007. At the time of press, the digital asset is trading with $0.000007117. This market price is a result of a 4.10% decline in the past 24 hours.
This price also represents 12.47% surge in the past 7 days.
However giving the token’s market trajectory a closer glimpse, charts reveal a sign of hope for the token. Notably one market watcher has pointed out via the X platform that PEPE could be on the verge of a significant breakout. Interestingly, the token could be on the verge potential 100% rally in the near future.
$PEPE is extremely close to a trend-reversal..
Millionaires will be made in the next 2-4 months! pic.twitter.com/6svRXYB6Vg
— STEPH IS CRYPTO (@Steph_iscrypto) April 15, 2025
Over the past four sessions, PEPE has been consolidating near its 21-day and 50-day moving averages (DMAs), indicating a buildup of momentum. It also sits near the mid-point of its six-week trading range between approximately $0.000005 and $0.000009, a level often associated with pivotal price action.
Market pundits and traders alike are on the edge of their sits with excitement. This comes as a result of the technical formation currently taking shape. PEPE is probing the upper boundary of a downtrend line that has been in place since its December 2024 highs. A successful breakout from this descending trendline could be the catalyst for a powerful upward move. The next key resistance level lies around the 200DMA at $0.000013 — nearly double the current price.
Adding to the bullish sentiment, PEPE appears to be forming a pennant structure on the chart — a classic technical pattern that often precedes large moves. These patterns typically reflect a period of consolidation before a breakout in either direction. Given the prevailing sentiment and volume behavior, the odds may favor the bulls.
Are Conditions Right for a PEPE Explosion?
While the chart paints a picture of a coin ready to take off, broader market conditions still present a challenge. On the macro front, recent developments, such as the delay in tariffs by former President Trump, have eased some immediate geopolitical concerns. However, the outlook for the U.S. economy remains uncertain, with signs pointing to a potential slowdown.
The Federal Reserve has yet to send clear signals about a shift toward aggressive monetary easing, which historically has been a crucial driver of liquidity-fueled rallies in the crypto space, especially for speculative assets like meme coins.
That said, a gradual improvement in investor sentiment and risk appetite could still be enough to propel PEPE higher. Even if a full-blown “meme coin season” isn’t on the horizon just yet, technical momentum alone may carry the token substantially upward.
PEPE may be laying the groundwork for a breakout moment. If it manages to breach key resistance levels and confirms bullish chart patterns, a rally toward $0.000013 — representing a 100% gain — is well within the realm of possibility.
The post Is a 100% Rally Coming for PEPE? Analysts Reveal Bullish Chart Patterns appeared first on ETHNews.
