The meme coin market is heating up again, with a particular focus on PEPE. Analysts note that its dominance chart is nearing key breakout levels which could lead to a rise akin to Dogecoin's.
Current Situation in the Meme Coin Market
Currently, PEPE shows significant technical momentum. Bullish chart patterns are forming and trading volume is increasing, indicating a possible major price movement.
Possible Scenarios Ahead
A confirmed breakout in PEPE.D could lead to a surge similar to Dogecoin's historic run in previous bull cycles. Analysts are discussing price targets above $0.000015. Increased whale accumulation and record high open interest in PEPE derivatives are signs that the market could be gearing up for a significant move.
What to Watch Next
For the breakout to be confirmed, PEPE needs to break and hold above its current dominance level with strong volume. If this happens, it may quickly move toward the next resistance zones. Traders should monitor both the PEPE.D chart and PEPE’s price action, particularly within the $0.0000136–$0.000015 range.
As meme coin season potentially returns, PEPE appears to be leading the charge, and its movements will influence further trends in the market.
