Pepe Coin Poised for Breakout to New All-Time Highs: Key Factors Fueling the Rise

The cryptocurrency market is buzzing as Pepe Coin ($PEPE ) shows strong signs of an imminent bullish breakout. Despite a recent pullback, analysts and market trends indicate that $PEPE could soon surpass its previous all-time high (ATH) and set new records.

1. Analysts Predict 31% Surge to New ATH

Crypto experts are widely expecting a sharp rally in $PEPE price, citing strong technical indicators. After a 23.3% decline from its yearly high, many view the decline as a consolidation phase before 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 movements. Other analysts, including Dami-DeFi and Trader ELM, support this outlook, predicting a significant increase in the price of $PEPE.

2. Whale Activity and Rising Demand

$PEPE ’s momentum is supported by an increase in whale activity and growing demand among traders. Over the past 24 hours, the token has seen an impressive trading volume of $5.4 billion, surpassing Shiba Inu’s $1.9 billion.

Whale accumulation further strengthens 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 through a critical resistance level at $0.00001721—a level that had limited its growth since March 27, when it marked its previous ATH.#MEMEalpha