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The Pepe (PEPE) meme coin is hovering on the edge of what could be a significant bullish breakout, potentially propelling it back into the “best crypto to buy” conversation. After weathering a sell-off triggered by economic uncertainty—exacerbated by Trump’s planned tariff escalations—PEPE has rebounded, surging to a recent high of $0.0000078 before pulling back 1.79% today.
Despite this slight dip, analysts are eyeing a double-digit breakout, which could drive PEPE toward a major price surge.
PEPE Price Analysis: Could a 175% surge be on the horizon?
According to Coinglass data, PEPE’s long/short ratio peaked at 1.04 this month before slipping to 0.99 today—a sign that bullish sentiment is holding but not overwhelmingly strong. A ratio above 1 indicates that more traders are betting on price increases.
Currently, PEPE is flirting with a critical confluence zone, where multi-month resistance meets long-term support—a level that has guided the coin’s lows since mid-2024.
This confluence is significant because PEPE’s price has been following a falling wedge pattern since early December, a setup often associated with bullish reversals. If this support holds, a breakout could push PEPE toward:
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$0.000015 (April highs) – a 55% gain
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$0.00002 (pattern target) – a 175% surge
Technical indicators signal bullish potential
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MACD Strength: The Moving Average Convergence Divergence (MACD) indicator remains above the signal line, avoiding a death cross—a bullish sign suggesting dominant buying pressure.
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RSI Recovery: The Relative Strength Index (RSI) is trending upward toward neutral 50, after being stuck near oversold levels since early February. This indicates a shift in momentum toward the bulls.
While PEPE’s technical setup is promising, the bullish signals remain relatively weak for now. A sustained breakout will likely require higher trading volume and stronger buying pressure. The broader market remains weighed down by FUD (fear, uncertainty, doubt) stemming from macroeconomic concerns, making it harder for meme coins to gain traction.
As traders search for the next big breakout, one new project is capitalizing on the meme coin + AI narrative—MIND of Pepe ($MIND).
The MIND of Pepe AI is designed to engage with the crypto community on X (Twitter), uncover hidden opportunities, and deliver exclusive, token-gated insights. Inside its Telegram community, holders gain early access to high-potential tokens before they hit the market.
With over $7.8 million raised in its presale, MIND is emerging as a promising project leveraging the Pepe brand while integrating AI-driven trading intelligence.
PEPE is at a critical moment—a breakout from the falling wedge pattern could lead to massive gains, but weaker signals suggest it needs more momentum. Meanwhile, new meme coin projects like $MIND are seizing the opportunity, offering traders a way to stay ahead of major moves in the market.
Will PEPE break resistance and surge toward new highs? Or will it remain stuck in consolidation? Stay tuned—this meme coin’s next move could be explosive.