PEPE Price Confirms Phoenix Rising Pattern That Triggers 70% Surge
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The PEPE price has revealed a bullish pattern, which indicates that a massive surge could be on the horizon. Based on this pattern, crypto analyst OneImpact has predicted that the meme coin could witness a price surge of almost 70%. PEPE Price Confirms Phoenix Rising Pattern In a TradingView post, OneImpact stated that the PEPE price has shown a textbook ‘Phoenix Rising’ pattern, which signals an extraordinary upside opportunity currently unfolding. With the meme coin trading at its current price level with significant momentum, the analyst remarked that PEPE appears poised for a massive recovery rally toward historical resistance. The analyst also noted that the bottoming pattern for the PEPE price has completed, which supports the bullish outlook for the meme coin. OneImpact said that after a prolonged downtrend from January 2025, PEPE has formed a perfect bottoming pattern with key components. Source: OneImpact on Tradingview One of the key components for the PEPE price is the accumulation channel formation, with the March-April base-building phase where smart money accumulated positions between $0.000005 and $0.000008. The second key component is the Channel Breakout confirmation, with the analyst noting that the recent green candle with expanding volume signals institutional entry. The third key component is the historical supply zone. OneImpact stated that this is the crucial $0.0000175 to $0.0000185 range, which previously acted as support for the meme coin’s price before the January breakdown. A 66% Upside Play On The Horizon For The Meme Coin Based on these bullish technicals, OneImpact predicted that the PEPE price could surge 66%. The analyst indicated that this surge would come in three distinct phases. The first phase would be the consolidation period. After the initial breakout surge, the analyst believes that the…
Filed under: News - @ May 12, 2025 4:27 pm