Pepe Coin (PEPE), the Ethereum-based meme token that has captivated crypto traders with its wild price swings and explosive rallies, may be gearing up for another major move. According to a recent analysis from crypto market expert @LLuciano_BTC, a familiar bullish fractal is forming on PEPE’s daily chart — and if the pattern holds true, the coin could be on the verge of a breakout rally exceeding 100%.
Technical Structure Suggests History Might Repeat
The analyst points to a broadening wedge structure that has been taking shape over the past several trading sessions. This pattern, often considered a continuation signal in trending markets, has historically led to sharp upward moves once price breaches the upper resistance. In PEPE’s case, the critical breakout level appears to be near the $0.000017000 mark.
Should bulls succeed in pushing the price above that level — particularly if the breakout is supported by strong volume — PEPE could surge past its previous all-time high of $0.00002825, which was set in December 2023. The analyst projects a potential rally toward $0.000028364, representing an eye-popping 103.77% gain from current levels.
The forecast is rooted in technical analysis, specifically a measurement taken from the depth of the wedge and projected upward. If this setup plays out as predicted, it could catapult PEPE into price discovery territory, igniting new bullish momentum for the meme coin.
Derivatives Market Adds Fuel to the Fire
Adding weight to the bullish argument is a major surge in derivatives activity surrounding PEPE. Data from Coinglass reveals that in the past 24 hours, PEPE futures trading volume skyrocketed by 40%, reaching an impressive $2.4 billion. Open interest — which reflects the total value of outstanding futures contracts — also jumped by 16%, climbing to $600 million.
This surge in futures activity typically signals heightened trader interest and accumulating positions, both of which are favorable indicators for a bullish breakout. When futures markets see rising volume and open interest, it often precedes major price movements — especially when it aligns with a supportive technical setup.
Road to All-Time High and Beyond?
While many meme coins rely purely on hype and fleeting social media trends, PEPE’s current market structure shows signs of technical maturity. With a clearly defined bullish pattern, rising trading volumes, and renewed speculative interest, conditions are aligning for a potential climb to new price highs.
Of course, PEPE remains a meme coin at its core, and like others in its category, it’s highly sensitive to broader market sentiment and sudden shifts in trader behavior. Still, if the current bullish scenario materializes, it could put the coin on track for a breakout that not only reclaims its December 2023 high, but also opens the door for further price discovery.
Final Thoughts
The stars appear to be aligning for PEPE as a classic crypto rally setup unfolds. With technical patterns hinting at a breakout, and derivatives data supporting the bullish case, traders are watching closely. If momentum continues to build, PEPE could soon break past $0.000017000 and launch toward its projected new all-time high of $0.000028364 — a move that would mark one of the most significant rallies in meme coin history.
As always in the world of crypto, the path upward won’t be without volatility, but for now, Pepe Coin seems poised to leap forward, backed by technical signals and trader enthusiasm alike.
