- A 4.13% increase in PEPE price points to a future rally that corresponded to the October 2024 surge of 141%.
- The technical data indicates bullish trends and the market may potentially rise by 253.79% if momentum and volume levels stay consistent.
- The currency holds position #36 as it displays regular price fluctuations since it broke away from an established downward movement channel.
In recent trading activity, the PEPE/USDT pair has drawn attention after breaking out of a descending channel, echoing a similar move that occurred in October 2024. The price action has prompted comparisons between the current market structure and the sharp upside rally witnessed during the previous breakout.
Technical indicators show indications of another potential rally because the asset tries to match its previous achievement through an expected 253% price growth from this breakout level.
PEPE Breaks Out of Downtrend
According to the PEPE/USDT daily chart, a bullish breakout from a descending trend channel has occurred, signaling a potential shift in market sentiment.
After enduring a long period of downward market forces PEPE showed remarkable potential for growth just like its performance in 2024 that produced more than 100% return after escaping a consolidation wedge pattern. The repeated pattern indicates history could be repeating itself through bullish momentum that might lead to another quick positive price increase.
PEPE Breaks Resistance with 4.13% Gain, Eyes 253% Potential Rally
PEPE is trading at $0.00000757, registering a 4.13% increase over the last 24 hours. The recent price increase occurred right after it exceeded its defined resistance barrier that limited its value since February. Traders maintain their focus on PEPE because the token has not yet proven the sustainability of its recent achievement to remain above the designated breakout point.
The chart shows two major breakout points where the price jumped by 141.22% in October 2024 and is expected to increase by 253.79% in the present time. Analysts view this technical pattern as bullish because it suggests continuation moves yet they emphasize the importance of checking for both increased volume levels and strong momentum consistency.
PEPE Holds Steady ,Signals Early-Stage Growth Potential
Investigating market data reveals PEPE sits at position #36 on cryptocurrency rankings while its price falls within $0.000057132 to $0.000057661 over the 24-hour period. The market participants show muted positive expectations through the steady but moderate value growth during the last day. The asset exists in an initial position from which growth into a potential larger movement may occur.
