Pepe (PEPE), the third most popular meme coin, is swiftly forming a bullish price pattern. Today, March 18, 2025, PEPE reached its breakout level.
PEPE Technical Analysis
According to CoinPedia's technical analysis, PEPE has shaped an inverted head and shoulders pattern on the four-hour timeframe and is on the verge of a breakout. If PEPE successfully breaks out and closes above the $0.0000075 level, it could rise to the next resistance point of $0.00001050.
Expert Bullish Outlook
A crypto expert posted on X suggesting a potential breakout from a falling wedge pattern on the eight-hour PEPE chart. If successful, PEPE could rise by 50-60% in the near future.
Current Price Momentum
PEPE is currently trading around $0.00000733, having increased by over 13% in the past 24 hours. Its trading volume surged by 45%, indicating increased trader and investor interest. According to Coinglass data, traders heavily favor long positions, confirming a bullish market dominance.
Currently, the bullish pattern and heightened trader interest may contribute to a significant rise in PEPE, provided market conditions remain favorable.
