Pepe Coin Price About to Explode? Analysts Reveal Key Levels to Break!

Jakarta, Pintu News – A renowned crypto market analyst, James Wynn, predicts that the price of Pepe Coin (PEPE) is set to experience a major surge.

According to Wynn, the frog-themed meme coin is eyeing a bullish breakout in the near future-as long as it is able to break the short-term resistance level of $0.00001 to $0.00001050.

What does this mean? Crypto traders and investors were excited by this bold prediction, especially in the midst of a broader market surge since the start of the Asian trading session on Wednesday (23/4).

As of April 23, 2025, the price of one PEPE token is around $0.000009-up almost 15% in one day.

Technical Analysis Supports Pepe Coin (PEPE) Price Increase

Crypto market analyst, James Wynn, recently shared an important update on the technical analysis (TA) of Pepe Coin’s price in a post on X platform.

Read also: Tesla’s Car Sales Slump—But It’s Still Sitting on a $1 Billion Bitcoin Jackpot!

According to him, the frog-themed meme token is facing short-term resistance around the $0.000010000 level-which is also considered a psychological resistance point by many market participants.

If the token price manages to break this level, the next profit-taking zone is expected to occur in the range of $0.00001050.

Cup and Handle Pattern Promises Big Rally

At this point, the PEPE price chart is predicted to form a “cup” like pattern, where short-term traders start realizing their profits, and there is a slight price drop due to profit-taking and momentary panic.

However, Wynn emphasized that, “After that, we should see the price quickly rise back towards the key resistance level at $0.00001050, break it, and then fall back down to retest and confirm the breakout.”

This means that if the breakout is successful above $0.00001050, then the PEPE price will pull back slightly to retest the level as new support.

If this scenario actually happens, a wave of FOMO (Fear of Missing Out) is expected to hit traders and investors. This could lead to greater upward momentum in prices.

The pattern being formed is known as the “Cup and Handle”, which is usually considered a bullish signal in technical analysis.

Read also: Dogecoin Dips 3% (April 24), But This Analyst Says a Major Breakout Could Be Coming Soon!

Investor Optimism Increases for Pepe Coin (PEPE)

Overall, this optimistic prediction from analysts has increased investor confidence, especially since the price of Pepe Coin is showing a positive trend.

As mentioned earlier, the price of PEPE has risen 15% in one day and 30% in a week, currently hovering around $0.000009086, after having bottomed out at $0.000007841 in the last 24 hours.

Adding to the excitement of investors, CoinGape Media’s latest PEPE price analysis also shows an upside opportunity of up to 7,220%. This bullish projection is partly driven by the stellar performance of Ethereum (ETH), which has now broken through the $1,800 mark in line with the general crypto market uptrend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Analyst Predicts Pepe Coin Price Breakout If It Soars Past This Level. Accessed on April 24, 2025