- PEPE forms a cup and handle pattern, nearing breakout above key resistance at $0.00001050.
- Spot inflows stay strong as derivatives volume and open interest signal bullish market activity.
- Altcoin season could fuel a major rally for PEPE, targeting a short-term move to $0.00001400.
PEPE Coin shows strong bullish signals and appears ready to enter an accelerated upward phase. Technical patterns suggest that PEPE is at the final stage of its cycle, setting up for rapid gains in the next 120 days. With Bitcoin dominance falling, analysts expect the altcoin season to begin, further supporting PEPE’s momentum.
Cup and Handle Formation Points to a Breakout
According to analysis prepared by James Wynn on X, PEPE has established a classic cup and handle pattern on its chart. The “cup” represents a period of steady recovery, while the “handle” reflects a short consolidation phase below key resistance levels.
The analyst observed that PEPE is nearing a breakout point, with major resistance sitting at $0.00001000 and $0.00001050. A breakout above these levels, especially with strong trading volume, could confirm the bullish pattern and start a rally. Wynn stated that a successful breakout could push PEPE toward a short-term target of $0.00001400.
Meanwhile, CryptoBull_360 noted on X that PEPE is forming a Morning Star candle at the resistance zone. He mentioned that a strong breakout from the rising wedge and Point of Control (PoC) area could spark a 20–30% rally, adding that the current zone is “one to watch closely” for bullish continuation.
Investor Activity and Market Momentum Strengthen the Bullish Case
According to an observation by Coinglass, the PEPE order book shows a rise in sell positions, but spot inflows remain strong. Despite recent cooling in price action, the meme coin has maintained overall upside momentum since early April.
Data from CoinMarketCap showed that PEPE’s trading volume dipped slightly, yet derivatives volume remained firm, suggesting strong trader interest. Open interest rose by 1.76%, while funding rates stayed positive, indicating that bullish sentiment still dominates the market.
Market experts predict that the next few months could be transformative for PEPE, especially as altcoin season begins. If current conditions hold, PEPE could break above resistance and initiate a new major rally phase.
