The cryptocurrency market is buzzing as Pepe Coin ($PEPE) shows strong signs of an impending bullish breakout. Despite a recent pullback, analysts and market trends indicate that $PEPE may soon surpass its previous all-time high (ATH) and set new records.
1. Analysts Predict a 31% Surge to New ATH
Crypto experts widely anticipate a sharp rally in $PEPE’s price, citing strong technical indicators. After a 23.3% dip from its year-to-date high, many view the decline as a consolidation phase ahead of a breakout.
Renowned trader Bluntz highlights a bullish ABC pattern within a symmetrical triangle on the four-hour chart using Elliot Wave analysis. Such formations are often precursors to explosive price moves. Other analysts, including Dami-DeFi and Trader ELM, support this outlook, forecasting a significant price increase for $PEPE.
2. Whale Activity and Rising Demand
$PEPE’s momentum is supported by a surge in whale activity and increasing demand among traders. In the past 24 hours, the token recorded an impressive $5.4 billion in trading volume, surpassing Shiba Inu’s $1.9 billion.
Whale accumulation is further boosting confidence in $PEPE’s potential. Recent data from Etherscan revealed a $65 million purchase of $PEPE by a whale investor, signaling strong institutional interest and belief in the coin’s upside potential.
3. Bullish Technical Indicators
On November 13, $PEPE broke a critical resistance level at $0.00001721—a level that had capped its growth since March 27, when it marked its previous ATH. This breakout is seen as a pivotal moment for the token, with traders expecting continued bullish momentum.
The breakout also aligns with the formation of a cup-and-handle pattern, a classic bullish indicator that suggests further price continuation. With the pullback offering a brief pause for profit-taking, the setup appears primed for PEPE push higher.
4. Bright Outlook for $PEPE
The convergence of technical analysis, whale accumulation, and rising trading volumes paints a promising picture for $PEPE. Analysts predict a 31% price surge to its previous ATH, with potential for even greater gains if momentum continues.
For investors and traders, PEPE presents a compelling opportunity as it positions itself as a leader in the meme coin market. With strong fundamentals and technical signals, PEPE is a coin to watch in the days ahead.
Stay tuned as Pepe Coin continues its ascent toward new heights.