Pepe Price Breaks Key Resistance—How High Will It Pump Next?
Memecoin mania is back. After weeks of sideways action, Pepe just shattered a critical resistance level—and traders are scrambling to predict the next leg up.
Technical indicators scream bullish: The breakout comes with surging volume, a golden cross on the 4-hour chart, and funding rates still in neutral territory. Even the perpetuals market isn’t overleveraged yet (shocking, given crypto’s addiction to 100x longs).
Targets? Old highs near $0.000008 look inevitable if Bitcoin holds steady. Beyond that, the 1.618 Fibonacci extension at $0.000012 could trigger a FOMO stampede—especially with ’wen Pepe ETF?’ trolls already spamming Crypto Twitter.
Just remember: In a market where ’utility’ means surviving the next 24-hour funding rate cycle, even parabolic moves can reverse faster than a VC dumping his unlocked tokens.
Pepe price technical analysis
The coin’s surge also happened for technical analysis. As we wrote hereand herePepe Coin formed a giant falling wedge pattern in the first quarter. This pattern comprises two descending and converging trendlines and often leads to a bullish breakout.
Most recently, Pepe Price formed a double-bottom pattern at $0.0000057. It has now jumped above the neckline at $0.0000095.
The distance between the double-bottom and the neckline is about 62%. Measuring the same distance from the neckline brings the Pepr Coin price target at $0.00001545, up by 55% above the current level. A drop below the support at $0.0000759 will invalidate the bullish outlook.
