PEPE has gained attention after a strong technical breakout confirmed bullish momentum on both the daily and 4-hour charts. Analysts report a classic cup and handle pattern signaling continued upward potential.
Cup and Handle Breakout Confirms Bullish Structure
Analysis from CryptoJack indicates that PEPE formed a well-defined cup and handle pattern between February and June 2025. The cup lasted from February to May, while the handle developed as a downward channel in June. Recently, a breakout from the handle occurred on the daily chart, driving the price sharply higher.
4H Chart: Rising Channel Breakout Pushes Toward Key Resistance
On the 4-hour timeframe, PEPE/USDT broke out from a rising channel on July 10. A large bullish candle and an increase in trading volume confirmed the move. The price jumped from below $0.00000100 to over $0.00000130 during the breakout phase. After the breakout, a successful retest near the $0.00000120 zone held firm as support. At the time of reporting, PEPE is consolidating just below resistance between $0.00000135 and $0.00000140.
What to Expect Next for PEPE Price Movement
PEPE is currently trading at $0.00001365, marking a 6.04% gain over the past 24 hours. Analysts remain focused on the resistance between $0.00000135 and $0.00000140. A confirmed break above this level could open the path toward the $0.00000150 target. Traders are closely monitoring price behavior as bullish momentum holds.
As technical patterns align across timeframes, PEPE remains a key chart to watch in the coming sessions as volume growth supports the current bullish outlook.
