- PEPE forms bullish cup and handle near breakout
- Volume jumps 30% as PEPE tests resistance zone
- Fractal repeat hints at 2023-style PEPE rally
Pepe Coin is gaining renewed traction as bullish momentum continues to build. The meme coin has respected a key green trendline since the start of the recent recovery. Traders and analysts are watching closely as PEPE tests critical resistance levels, with many suggesting a potential move toward a new all-time high (ATH).
Cup and Handle Pattern Suggests Breakout Potential
According to analysis prepared by James Wynn, PEPE is forming a classic “cup and handle” pattern, a bullish setup often signaling upward continuation. The coin is currently trading around $0.000009, after gaining nearly 15% in a single day.
Analysts believe the $0.000010 and $0.00001050 zones are essential to confirm a trend reversal. Wynn noted that if PEPE breaks above the $0.00001050 level, the coin may experience a short pullback before retesting the breakout as support.
This would likely attract more buyers and increase the chances of upward continuation. Technical traders are also observing the RSI on the 4-hour chart, which remains elevated, suggesting strong momentum but a possible near-term cooldown.
Recovery Structure Mirrors Past Bull Run
PEPE’s recent recovery has drawn comparisons to its previous 2023 rally. According to an observation by @ChandlerCharts, the token has repeated a similar fractal pattern. This includes a double bottom formation and current testing of neckline resistance around $0.0000095. The previous breakout from such a setup delivered a 180% gain.
Trading volume has surged by over 30% in the past 24 hours, reaching $650 million. This rise in activity signals market participants are taking notice. Analyst Fyre stated on X, “$PEPE is heating up,” suggesting growing confidence in the meme coin’s bullish continuation.
As long as PEPE holds above key trendlines and breaks above neckline resistance, the path toward a new ATH remains technically valid. Market observers continue to monitor the token as momentum builds within the broader crypto recovery.
