PEPE Eyes a 50% Price Surge—Here’s the Make-or-Break Condition!

The meme coin that won’t die is back in the spotlight—PEPE’s chart hints at a explosive 50% rally. But don’t pop the champagne yet.

The Bullish Setup

On-chain metrics and technical patterns align like stars for PEPE, teasing a breakout that could send shockwaves through degenerate Telegram groups. The 50% target isn’t just hopium—it’s etched in Fibonacci levels and liquidity pools.

The Catch (Because There’s Always One)

For the rally to stick, PEPE needs to bulldoze through a stubborn resistance zone—where paper-handed traders historically dump bags. Fail here, and it’s back to meme coin purgatory.

The Cynic’s Corner

Let’s be real: this is PEPE we’re talking about. A ‘fundamental analysis’ involves more Twitter hype than a Kardashian product launch. But in crypto, sometimes that’s all you need.

Watch the resistance. Break it, and the 50% surge becomes a self-fulfilling prophecy. Reject it, and well… at least the memes will be funny.

Price action and key technical levels

According to AMBCrypto’s technical analysis, PEPE appeared to be bullish at press time and might be poised for significant upside.

On the daily charts, the memecoin broke out of a prolonged bearish falling wedge pattern. In fact, it also closed a daily candle above it, indicating a successful breakout.

Source: Trading View

At the time of writing, the price seemed to be retesting the local support level at $0.0000099. Based on its recent price action and historical patterns, if PEPE holds this level successfully, there is a strong possibility that the asset could soar by over 50% and hit the $0.0000154-level.

On the other hand, if the price fails to hold this level, it could invalidate the breakout, and the asset may see some downside as a result.

At the same time, the memecoin’s Relative Strength Index (RSI) stood at 45 – A sign that a potential shift in momentum could occur. Worth noting, however, that the asset was still neither overbought nor oversold on the charts.

Experts’ sentiments turn bullish

Given the prevailing market sentiment, experts and analysts have shown strong interest in the token. For example – Recently, a crypto expert claimed that owing to PEPE’s “incredible” trajectory, its next upward move may be about to begin soon.

Meanwhile, another analyst made a bold prediction that PEPE could surge by a solid 13,000% in the coming days. These posts on X gained massive attention from crypto enthusiasts.

More and more outflows?

Given the growing interest and the memecoin’s bullish price action, investors and long-term holders have begun accumulating the token. This was reported by the on-chain analytics firm Coinglass.

Data from the Spot inflow/outflow metric revealed that exchanges across the crypto landscape have seen outflows of $5.60 million worth of PEPE.

Source: Coinglass

Such a significant outflow from exchanges could be a sign of potential accumulation. It might also fuel buying pressure, while hinting at an ideal buying opportunity.