Pepe could increase by 40 times if this happens

The price of PEPE shows strong signs of bounce back after reclaiming the 0.0000145 dollar mark, with analysts forecasting significant growth potential. Many current chart patterns are suggesting a major breakout is imminent, even predicting bullish increases of up to 100% and 40 times over different time frames.

As of the time of writing, the price of PEPE is trading at $0.0000139, up 15% in the past 7 days, as both traders and whales are beginning to position their strategies.

PEPE is positioned for a 40x bullish

The analyst CryptoElites has posted a chart of PEPE identifying the "accumulation zone" for a potential bullish surge of up to 40 times.

This chart uses clearly marked parallel trend channels with periodic bottoms. It shows that the price of PEPE is forming a round bottom pattern just above the lower support band.

PEPE Price Chart | Source: CryptoElitesCryptoElites has pointed out the previous accumulation zones, each accompanied by a very strong bullish parabolic price surge. His latest setup places PEPE at the third bottom, coinciding with previous reversal points.

The chart shows a predicted vertical movement with a bullish increase of 40.64 times if a breakout occurs, aiming for a price level of $0.000399.

Currently, PEPE is bouncing back to the midpoint of the trend channel. My forecast leans towards a bullish trend, but the prerequisite is to maintain the current support level, accompanied by an increase in trading volume.

Additionally, your technical argument is based on the repetition of patterns that have occurred and a strong bullish symmetry. However, this prediction may still depend on the bounce back of memecoins and speculation based on market trends.

PEPE breakout of the multi-month triangle pattern

Analyst ZAYK Charts has posted information about PEPE just breaking out of a long-term symmetrical triangle pattern. This structure started in December 2023 and has kept the price moving within converging trend lines for over half a year.

PEPEPEPE Price Chart | Source: ZAYKAccording to your chart, the price of PEPE has decisively broken the upper resistance trendline, supported by increased trading volume.

The ongoing uptrend is also confirmed by three consecutive green candles following the breakout candle. ZAYK forecasts that the price of PEPE could increase by 100–120% from the breakout level, which is about $0.000031.

The breakout level is estimated to be around $0.0000137, coinciding with the potential target area — which are the previous support levels that appeared in Q1 2024.

The chart also shows a rectangle measuring the target just above the triangle pattern, indicating that the price still has the potential to double from the current level.

The symmetrical triangle pattern is one of the most well-known continuation patterns among traders. ZAYK's analysis demonstrates a high level of discipline in applying technical factors while aligning with the current increase in social sentiment towards meme tokens.

Whales open Long PEPE orders

In addition, according to data shared by Cas_abbe, whale trader James Wynn has opened large Long positions on both ETH and PEPE.

On-chain wallet records show Wynn opened a Long PEPE position with 10x leverage, equivalent to 824,876,247 PEPE, worth over $680,000.

pepeSource: Case_AbbeCurrently, the unrealized profit from both ETH and PEPE positions of Wynn is estimated at about $800,000. This leverage strategy shows confidence in the potential bullish ability in the short term.

The history of successful transactions along with a large portfolio scale makes Wynn's trading activities have a strong impact on high-net-worth retail investors as well as institutions.

Analysts signal the start of an altcoin breakout cycle

Notably, analyst Moustache has posted the Total 3 chart, showing the altcoin market capitalization excluding Bitcoin and ETH, indicating a new macro bullish trend is forming.

The chart tracks previous market cycles and indicates that this memecoin is breaking out of a two-year consolidation zone from 2022 to 2024.

!()https://img-cdn.gateio.im/webp-social/moments-ac13f037c971f40d01d135e2a54300f4.webp[pepe]Total3 Chart | Source: MoustacheMoustache also notes that the structure forming in 2025 is similar to the breakout cycles that occurred in 2018 and 2021.

This model consists of three phases: accumulation, breakout, and parabolic growth. When the TOTAL3 index just broke through the resistance level, the altcoin market seems to be entering the early stage of the acceleration process.

Notably, history has recorded the phenomenon of capital rotation into highly volatile tokens. Moustache believes that memecoins like PEPE may attract attention during this period, especially as they often outperform in the final stages of bullish market cycles.

The time when the price of PEPE breaks out of the current trend also coincides with positive technical signals from analysts, further reinforcing the potential for bullish growth in the near future.

Đình Đình

PEPE-7.06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)