PEPE Poised for a 50% Rally: Key Levels and Market Drivers Explained
The meme coin market is once again in the spotlight as PEPE, the third-largest meme token by market cap, shows signs of a potential 50% price rally. After a notable 17% surge over the past week, PEPE is currently trading near $0,00001034, with trading volumes up 135%—a clear signal of renewed investor interest and bullish momentum .
Technical Breakout Sets the Stage
PEPE recently broke out of a prolonged bearish falling wedge pattern, a technical formation often associated with trend reversals. The daily close above this pattern suggests a shift in sentiment, but the move is not yet fully confirmed. The price is now retesting a key support level at $0,0000099. If this support holds, analysts see a strong probability for PEPE to climb towards $0,0000154, representing a potential 50% upside from current levels .
However, if the price fails to maintain this support, the breakout could be invalidated, potentially leading to further downside. The Relative Strength Index (RSI) currently sits at 45, indicating that PEPE is neither overbought nor oversold, leaving room for a momentum shift in either direction .
Market Sentiment and On-Chain Signals
Market sentiment around PEPE has turned increasingly positive. Notably, on-chain data from Coinglass shows that exchanges have seen outflows totaling $5,60 million worth of PEPE in recent days. Such outflows are often interpreted as a sign of accumulation by long-term holders, reducing available supply on exchanges and potentially fueling further buying pressure .
Crypto analysts have also weighed in, with some predicting that PEPE could see significant gains if current trends persist. While some forecasts are highly optimistic, the consensus is that sustained accumulation and positive technical signals could set the stage for the next leg up .
What to Watch Next
For PEPE to realize its 50% rally potential, the following factors will be crucial:
• Holding the $0,0000099 support level: This is the immediate technical threshold to watch.
• Sustained trading volume: Continued high activity signals strong market interest.
• Exchange outflows: Ongoing accumulation by holders could tighten supply and support upward price movement.
• Market-wide sentiment: Broader crypto trends, especially in the meme coin sector, will influence PEPE’s trajectory.
Context in the Meme Coin Landscape
PEPE’s recent performance echoes broader trends in the meme coin space, where tokens like DOGE and SHIB have also seen renewed interest following major exchange listings and bullish market cycles . While PEPE’s fundamentals are largely driven by community sentiment and speculative trading, its relatively low number of holders compared to rivals suggests room for further growth if momentum continues .
