PEPE meme coin may still be gearing up for its biggest rally yet. According to crypto analyst @CryptoELlTES, a 40x move could still play out before the end of the current bull cycle. His recent post includes a chart that breaks down the setup in a very visual way, and the price structure it reveals has made many traders stop and take a second look.
The chart shared by @CryptoELlTES on X shows that Pepe price has been moving within a clearly defined ascending channel. This kind of structure typically forms when an asset is gradually building upward momentum, bouncing between two rising trendlines that act as support and resistance.
In PEPE’s case, the price has respected these boundaries for several months, and that consistency is one reason why some traders believe a major breakout could be coming.
The PEPE price touched the bottom of the channel during each correction phase, only to rebound and work its way higher. These bounces have formed a pattern of rounded bottoms, which often indicate a steady accumulation phase. In the chart, @CryptoELlTES marked a recent “bottom” just above the lower boundary of the channel, suggesting that PEPE may be preparing for another upward wave.
What makes this setup so compelling is the possibility of a parabolic move if the PEPE price can break above the top of the channel. This is exactly what the chart shows, a projected breakout move that could take the coin from current levels near $0.000011 to nearly $0.0004. That would represent a 40x rally, just as @CryptoELlTES predicted in his post.
What a 40x rally could mean for the PEPE meme coin
If the chart setup plays out as @CryptoELlTES expects, a 40x move from here would send the PEPE meme coin to entirely new levels. At a price near $0.000011, such a move would take it to just under $0.0004. That kind of rally would likely place Pepe among the top-performing meme coins of the cycle, rivaling the historic runs of Dogecoin and Shiba Inu in previous years.
While that may seem like a stretch at first, the structure on the chart adds credibility to the forecast. The previous rallies within the same channel already produced strong gains. Each time the price returned to the lower trendline, it marked the beginning of a new impulse move. The current setup seems to mirror that same pattern, with another rounded bottom now in place and a fresh move upward beginning to form.
@CryptoELlTES is not just throwing out a price target without context. He’s pointing to clear technical behavior in the PEPE price and how it fits into a broader cycle. The price is still trading within the bounds of the channel, and the current positioning shows that PEPE may be sitting at the early stage of its next big move.
PEPE Meme Coin Outlook: Structure Still Intact, Breakout Still Possible
As long as the ascending channel remains unbroken, the bullish outlook for the PEPE meme coin remains valid. A drop below the lower boundary could invalidate the setup, but so far, the price has shown resilience. According to @CryptoELlTES, this latest bounce could be the start of a move that finally breaks the top of the channel and accelerates toward the 40x target.
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The chart isn’t just hopeful drawing. It tracks how the Pepe price has followed this path before. Similar wave patterns, breakouts from rounded bottoms, and reactions at Fibonacci levels have all played out in earlier parts of the cycle. Now, the same conditions appear to be forming again.
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