- Pepe Coin (PEPE) is gaining traction after a 30% weekly surge, with analysts eyeing a breakout above $0.00001050 that could trigger a massive rally.
- A bullish “cup and handle” pattern and rising market sentiment hint at potential gains of up to 7,220%.
Pepe Coin (PEPE), the frog-faced meme token born from internet culture, is back in the spotlight after a notable price surge and a bold forecast from crypto analyst James Wynn. With the coin climbing nearly 15% in a single day and 30% over the past week, the market is buzzing with speculation: could this be the start of another meme coin mania?
Currently trading around $0.000009, PEPE is flirting with a crucial resistance at $0.00001000—a psychological level that Wynn calls the “launchpad” for the next breakout. If the coin clears this hurdle, he predicts a swift move toward $0.00001050, a level where a classic “cup and handle” pattern may form, often seen as a strong bullish signal in technical analysis.
Also read: Ethereum Foundation Refocuses on Scaling as Vitalik Buterin Shifts to Long-Term Research
“A clean break and retest of $0.00001050 as support could trigger explosive momentum,” Wynn noted on X (formerly Twitter). “That’s when the FOMO kicks in.”
The market setup seems ripe. Ethereum recently crossed the $1,800 mark, boosting overall sentiment in the altcoin space. If this bullish wave continues, Wynn estimates that PEPE could climb up to 7,220% from current levels—mirroring past parabolic rallies seen in the meme coin arena.
But it’s not all green candles just yet. Wynn also cautioned that profit-taking could lead to short-term pullbacks, which might test investor conviction. Still, growing trading volumes and rising chatter across crypto communities suggest mounting interest.
Here’s a quick look at PEPE’s recent stats:
- Past 24-hour low: $0.000007841
- Current price: ~$0.000009086
- Weekly gain: ~30%
For traders eyeing meme coins, PEPE could be setting the stage for the next viral run. The coming days may prove pivotal as price action around $0.00001050 decides whether this frog takes flight—or croaks under pressure.
