The post PEPE Eyes 150% Surge to ATH—Can It Break Key Resistance After Steep Decline? appeared on BitcoinEthereumNews.com.

After a sharp downturn that erased billions from its market cap, Pepe Coin (PEPE) is now at a critical juncture, with analysts eyeing a potential 150% surge—but only if it can break a key resistance level. Once soaring to $0.00002828 in December 2024, the popular meme coin has since plummeted 65%, now hovering around $0.0000091. Despite the steep decline, experts believe a decisive breakout could reignite bullish momentum and propel PEPE toward fresh all-time highs. Key Resistance Levels and Bullish Patterns Technical indicators present a mixed outlook for PEPE. A death cross—in which the 50-day moving average falls under the 200-day moving average—has corroborated a downtrend. The PEPE also has been under the important 61.8% Fibonacci retracement level at $0.000011, adding to the strength of the resistance area. A strong breakout above $0.000012 could trigger a rapid 150% surge toward $0.000025. Source: MyCryptoParadise on TradingView However, there are some positive signals. Analysts are citing a falling wedge chart pattern, a technical pattern that in the past has preceded breakouts. If PEPE is able to break strongly above its resistance at $0.000012, it would set off a swift 150% increase with targets at $0.000025. It is in line with past trends where meme tokens have bounced strongly after deep corrections. Declining Trading Activity and Market Sentiment The drop in PEPE’s value has coincided with reduced market participation. With open interest in futures and outstanding futures contracts having fallen from $556 million in January to $258 million here, it would appear that speculative trading has been declining. That, however, does not appear to spook long-term owners. The holders of PEPE have risen from 384,000 to 404,100 over the past month, an assurance of committed investors who are convinced. Pepe Coin (PEPE) open interest and trading volume have been declining consistently. Source: Santiment…

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Filed under: News - @ February 22, 2025 3:26 pm