The post Can PEPE Coin Price Maintain The Uptrend After Breaking Out? appeared on BitcoinEthereumNews.com.

PEPE coin showed potential to reverse the downtrend that spread across almost all the cryptos since January 2025. The question was whether the meme coin can hold on to this reversal? PEPE Coin Price Prediction PEPE coin price exceeded Equal Highs (EQH) resistance at $0.00000788. That hinted at a potential bullish trend, which started after Break of Structure (BOS) activity near $0.00000700. The Change of Character (CHoCH) triggered the market shift, which followed this BOS. PEPE price was consolidating within a confined price range between $0.00000700 and $0.00000788 before entering the breakout phase. This upward momentum could keep pushing the price toward $0.00000900, where a psychological barrier and supply area could form. PEPE could aim for the $0.00000900 target, but only if the $0.00000788 breakout level stands along with rising buying volume in the resistance area. PEPE 4-hour chart | Source: TradingView If PEPE coin fails to maintain the price above $0.00000788, it could trigger a downtrend toward $0.00000700. This level would become short-term support for the price. The price could retest the previous $0.00000600 cluster area, which was previously identified by BOS and CHoCH formations. Various clusters of CHoCH showed that bearish selling pressure met increasing buying pressure throughout this rising phase. This breakout structure matched well with the continuation of the ongoing trend. However, the price had to maintain its place above the EQH to prevent false signals while regaining momentum for superior target zones. Where is the Massive Accumulation at? Again, a massive accumulation within the $0.000006–$0.000007 zone, as per the Global In/Out of the Money chart, helped PEPE rebound. The support cluster at this key area was established through 87 addresses, which collectively controlled 23.89T PEPE. IntoTheBlock data indicated that holders amounting to 20.71% with 86.41T PEPE ($648.09M) were “In the Money” along with 15.78% of…

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Filed under: News - @ April 23, 2025 4:21 pm