Pepe Coin Poised for a Breakout: All-Time Highs on the Horizon The crypto market is abuzz with exci
Pepe Coin Poised for a Breakout: All-Time Highs on the Horizon
The crypto market is abuzz with excitement as Pepe Coin ($PEPE) shows strong momentum, hinting at an imminent breakout to new all-time highs (ATH). Despite a recent correction, analysts are increasingly confident that $PEPE is gearing up for a significant rally, potentially shattering its previous ATH and carving out new records.
---
1. A 31% Rally Predicted: Analysts See a Breakout Ahead
Top crypto analysts are forecasting a sharp surge in $PEPE’s price, bolstered by robust technical indicators. Following a 23.3% retracement from its year-to-date high, experts believe this pullback represents a consolidation phase rather than a reversal.
Renowned trader Bluntz has identified a bullish ABC pattern forming within a symmetrical triangle on the four-hour chart, leveraging Elliot Wave analysis. This pattern is often a precursor to major price rallies. Other respected analysts, including Dami-DeFi and Trader ELM, share this bullish outlook, with projections suggesting a 31% price surge in the near term.
---
2. Whale Accumulation and Surging Trading Volume
$PEPE’s rise is being driven by a significant uptick in whale activity and heightened trader interest. Over the past 24 hours, the token recorded an impressive $5.4 billion in trading volume, far outpacing Shiba Inu’s $1.9 billion.
Institutional interest is also on the rise, as evidenced by recent data from Etherscan. A whale investor recently purchased $65 million worth of $PEPE, signaling growing confidence in the token’s long-term potential and further validating its bullish outlook.
---
3. Key Technical Breakthroughs Supporting Momentum
On November 13, $PEPE broke past the crucial resistance level of $0.00001721, which had previously capped its upward movement since March 27, when it reached its ATH. This breakout is considered a pivotal turning point, setting the stage for further gains.
Additionally, the token has formed a classic cup-and-handle pattern—a well-known bullish indicator. This formation, coupled with the recent pullback for profit-taking, suggests that $PEPE is primed for continued upward momentum
