Why Breakout from This Price Level Will Spike PEPE 100%, Setting a New All-Time High

The popular meme cryptocurrency PEPE could be on the verge of a massive price surge, according to technical analysis from Coinpedia on Tradingview. Their indicators suggest PEPE’s price may double in the near future, potentially setting new all-time highs.

Currently consolidating within the Bollinger Bands, a volatility indicator, PEPE’s price action points to an imminent bullish breakout according to the analysts. A Bollinger Band contraction on the 4-hour chart hints at an explosive move brewing for the meme token.

“The breakout is expected to propel PEPE price to $0.000015, doubling its value from current levels around $0.0000075,” Coinpedia’s report stated. “The cryptocurrency’s Relative Strength Index (RSI) is fluctuating near overbought territory, underscoring growing bullish momentum.”

PEPE, with a market capitalization of $3.23 billion, ranks among the top meme coins and has already seen a staggering 181% price increase this month despite a recent pullback. Technical formations like a higher high pattern and solid support around $0.0000850 showcase robust demand.

The anticipated rally could receive an extra boost from the broader recovery in cryptocurrencies, especially meme and AI-themed tokens which have seen resurgent interest in recent weeks. Investor anticipation is high for a bullish surge among leading meme coins, with PEPE positioned as a prime candidate according to analysts.

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Coinpedia analysts suggest the upcoming Bitcoin halving event in April could be another catalyst further fueling a PEPE price run. Bitcoin’s stimulative halvings have historically preceded wider crypto market upswings.

“A successful breakout, coupled with Bitcoin’s bull run, could lead PEPE to surpass its previous all-time high,” the report concluded. For the iconic meme coin, that could mean printing a new record well above its current peak.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.