Pepe Coin Gears Up for Breakout – Eyes Multi-Month High as Traders Turn Bullish

Pepe (PEPE), the popular meme coin, is once again catching traders’ attention. Its price is approaching a significant technical breakout, with a potential 61% rally toward the target price of $0.000023793. On the 12-hour chart, a classic bullish "Cup and Handle" pattern appears to be nearing completion — a formation that often precedes strong upward moves.

🔹 Technical Setup Shows Strong Bullish Potential The PEPE chart reveals a rounded base (the "cup") followed by a brief consolidation phase (the "handle"). This well-known pattern signals growing market strength. A breakout above $0.000014764 could trigger a rally toward $0.000023793, potentially reaching the highest level in several months. Current price: $0.000013973Potential upside: +61.26%Target zone: $0.000023793Previous all-time high: $0.00002825 (from December) Another bullish confirmation: PEPE is trading above the 200-period moving average, often seen as a signal of long-term strength. The 50-period MA is trending upward beneath the current price, showing medium-term bullish momentum with support around $0.000013191.

🔹 Market Data Confirms Rising Interest The Relative Strength Index (RSI) is currently at 59.12 and climbing — a sign of sustained buying pressure without being overbought.

Even stronger signals are coming from the derivatives market. According to Coinglass data: 🔹 Open interest jumped 111.4% to $636.44 million

🔹 Funding rates remain positive, meaning traders are willing to pay a premium to maintain long positions This indicates that market confidence is growing, and traders are anticipating a breakout.

🔹 Crypto Market in the Green – Altcoins Join the Rally Pepe’s rally is also supported by the broader market sentiment. Bitcoin recently hit a new all-time high, altcoins are heating up, and the crypto space as a whole is in a bullish mood. This momentum creates a perfect backdrop for Pepe Coin’s next leg up.

🟢 Summary: Pepe Coin nears breakout from key chart formationPotential 61% price rallyStrong growth in open interest and volumeBullish technical signals and favorable market environment

#PEPE‏ , #CryptoNewss , #PEPE_EXPERT , #CryptoAnalysis , #memecoin

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