PEPE Price Inches Up: Here’s Why a Spike Might Be Next
The third-largest memecoin, Pepe (PEPE), seems optimistic and poised for an upswing despite the erratic market attitude. Its robust price action and steady on-chain support are the main causes of this optimism. Both elements support its optimistic perspective.
The memecoin had increased 1.20% over the previous day and was trading close to $0.000007220 at the time of writing. Traders and investors, however, appear reluctant to interact with the coin because of the continuous consolidation. Trading activity has decreased as a result of this hesitancy. Consequently, during the same time frame, PEPE‘s trading volume decreased by 29.27%.
PEPE Breaks Key Resistance: Double-Bottom Pattern Signals 85% Rally Ahead
On the daily time frame, PEPE seemed to be developing a bullish double-bottom price action pattern, based on AMBCrypto’s technical analysis. A declining trendline that has served as resistance since late March 2025 was also just broken.
Even though there are still obstacles and market uncertainties, memecoin increased by more than 10% after the breakout. In addition, PEPE’s price is still on track to rise by 20% in the days ahead. The rally may also continue if PEPE closes its daily candle above the $0.0000091 level and maintains its upward momentum, possibly reaching the next resistance level at $0.000014. This suggests that there is still potential for an 85% upward rise in the memecoin.
Will PEPE Defy the Downtrend? Analyst Predicts Major Upside After Breakout
As of this writing, PEPE was trading below the daily 200-day Exponential Moving Average (EMA). The memecoin is in a downward trend and has little velocity right now, according to this technical indicator.
A cryptocurrency analyst recently emphasized PEPE’s past performance in addition to its bullish price action. According to the expert, PEPE broke out of a symmetrical triangular pattern and surged above 100% in October 2024. The memecoin has effectively broken out of a descending channel pattern this time. The analyst predicts a similar upward advance based on this breakout.
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