PEPE, the meme coin that made headlines with a huge price spike back in October 2024, is turning heads again. According to prominent analyst World Of Charts on X, PEPE price has just broken out of a new chart pattern, and it looks strikingly similar to the one that triggered its previous 100%+ rally. The suggestion? PEPE might be gearing up for another big move.
Last October, PEPE price broke out of a long-term symmetrical triangle after months of sideways trading. What followed was a rapid 114% surge in just 15 days, taking the price from about $0.00000087 up to nearly $0.00000186. That explosive breakout has since become a textbook example for traders watching meme coin setups.
What you'll learn 👉
Current Chart Setup and PEPE Technical Pattern
PEPE price is trading around $0.00000127 following a breakout from a descending parallel channel that had defined price action since early 2024. The recent breakout has drawn comparisons to the October move. Technical analysis from the chart shows a projected move of 103.79%, aiming toward a potential target of $0.0000026.
The channel breakout suggests a reversal in trend. Price has also reached a higher low, which supports the possibility of a sustained upside. A blue projection box on the chart visually mirrors the previous breakout, reinforcing expectations of a similar outcome.
PEPE Support and Resistance Zones
There are key levels to observe. On the downside, support has formed around $0.0000010, which held throughout the recent downtrend. Another short-term support level is now at $0.0000012, previously resistance, and now retested post-breakout.
Resistance is projected at two levels: the October high near $0.00000185–$0.0000019 and a chart-based target at approximately $0.0000026. The target is based on a measured move using the height of the previous breakout.
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Furthermore, the analyst’s expectation is grounded in historical data and repeated chart behavior. The October pattern and the current setup are similar in structure, with volume and trend showing early bullish signs. A strong daily close above $0.0000013 could strengthen this case.
While the pattern aligns with the previous rally, market volatility and broader crypto sentiment may influence whether the projected move plays out fully. Traders are monitoring volume and PEPE price action closely for confirmation.
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