PEPE Price Prediction: $PEPE Shows Signs of Life, Could Breakout and Surge 100%

After enduring a tough couple of weeks marked by heavy resistance and downward pressure, $PEPE is now attempting a steady recovery.

Meme token $PEPE is showing signs of life again after weeks of sluggish price action, and technical indicators suggest a potential breakout may be on the horizon, echoing a similar setup that led to a 100% surge in October.

After enduring a tough couple of weeks marked by heavy resistance and downward pressure, $PEPE is now attempting a steady recovery. The token’s price structure is gradually improving, with a newly formed higher low pattern above a critical support zone, signaling a shift in sentiment among traders.

$PEPE has managed to hold above the psychologically important $0.00000700 level, maintaining relative stability despite thin trading volume. This consolidation phase has helped the meme coin establish a foundation for a potential upward move.

PEPE’s Chart Hints at 100% Rally Repeat

According to World of Charts, PEPE’s current market behavior closely mirrors its October performance, when a successful breakout triggered a rally of more than 100%. With a similar breakout pattern now forming, expectations for a comparable upside are rising.

However, technical indicators point to a bullish setup: the RSI at 44.91 shows bullish divergence with room to rise, while the MACD nears a bullish crossover, hinting at upcoming momentum.

Bollinger Band Width at 34.13% signals low volatility, often preceding breakouts, and the ADX at 34.3 confirms a moderately strong trend. The DMI shows a bullish bias with DI at 20.8 above -DI at 10.2, and a 0.95x volume ratio suggests steady accumulation ahead of a potential move.

The key support level remains intact, acting as a safety net for bulls. If $PEPE can break through immediate resistance levels, especially amid low volatility, the setup could very well lead to a repeat of its previous explosive run.

As meme coin mania shows no signs of fading and traders continue hunting for high-upside plays, $PEPE’s developing structure might offer another chapter in its unpredictable yet thrilling price journey.

News data source: kdj.com

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