{"id":46428,"date":"2025-02-20T21:30:11","date_gmt":"2025-02-20T21:30:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=46428"},"modified":"2025-02-20T21:30:11","modified_gmt":"2025-02-20T21:30:11","slug":"analyst-says-pepe-price-must-break-this-resistance-level-for-150-surge-toward-aths","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=46428","title":{"rendered":"Analyst Says PEPE Price Must Break This Resistance Level For 150% Surge Toward ATHs"},"content":{"rendered":"

The PEPE price is currently trading within a Falling Wedge pattern, a historically bullish indicator that suggests an imminent breakout. A crypto analyst predicts<\/a> that a decisive move above key resistance levels could trigger a 150% rally towards new all-time highs for PEPE<\/a>.\u00a0\u00a0\u00a0<\/p>\n

Key Resistance To Ignite PEPE Price Rally<\/h2>\n

Over the past few weeks, Pepe, the popular frog-themed meme coin, has been stuck in a downtrend<\/a>, consistently rejecting off of a descending resistance trendline. The meme coin had initially experienced significant gains earlier this year. However, with the recent volatility and the decline in the broader market<\/a>, PEPE and many other cryptocurrencies have recorded severe losses.\u00a0<\/p>\n

Despite the bearish performance<\/a>, a pseudonymous TradingView analyst called \u2018MyCryptoParadise\u2019 has shared a bullish forecast for the PEPE price<\/a>. The analyst projects that it could experience a massive 150% price surge, pushing it to $0.00003 and marking new all-time highs.\u00a0<\/p>\n

For this prediction to become a reality, Pepe will have to confirm a price reversal<\/a> by breaking above the descending resistance and claiming a new support, as seen on the chart. The TradingView analyst has asserted that Pepe must surpass the $0.000015 resistance, claiming it as new support and a potential launch pad to the bullish $0.00003 target.\u00a0<\/p>\n

While breaking above a key resistance<\/a> may seem like an easy feat, the PEPE price has failed to do so over the past few weeks. The meme coin has rejected multiple breakout attempts<\/a>; however, technical indicators reveal that Pepe\u2019s current price fundamentals remain bullish.<\/p>\n

Notably, Pepe is trapped inside a Falling Wedge<\/a> on its price chart, a pattern known to precede significant upward momentum once resistance is broken. If demand from buyers successfully pushes PEPE above its $0.000015 resistance level, the analyst believes that a parabolic rally may be in store for the meme coin.\u00a0<\/p>\n

Pepe also forms a bullish divergence on the histogram in its chart, signaling a possible shift in momentum to the upside<\/a>. The analyst has indicated that for Pepe to reach its projected ATH target, bulls will have to take control, helping to push the meme coin above the Falling Wedge pattern.\u00a0\u00a0<\/p>\n

Currently, the asset is sitting at $0.000006 and $0.000012, where buyers have historically stepped in to defend prices and avoid further breakdowns. A surge from its current price of $0.00000945 to $0.00003 would represent an over 150% increase.\u00a0<\/p>\n

Bearish Scenario Unveiled<\/h2>\n

While he shared his bullish projection for the PEPE price,<\/a> the TradingView analyst also presented an alternative bearish outlook for the meme coin<\/a>. The analyst urged traders to remain cautious, as failing to hold the $0.000006 and $0.000012 could invalidate the previous bullish setup.\u00a0<\/p>\n

The analyst predicts that if the meme coin fails to break this zone, it could trigger increased downside pressure, exposing the meme coin to more risks and possibly triggering a deeper sell-off that would put bears in complete control.<\/p>","protected":false},"excerpt":{"rendered":"

The PEPE price is currently trading within a Falling Wedge pattern, a historically bullish indicator that suggests an imminent breakout. A crypto analyst predicts that a decisive move above key resistance levels could trigger a 150% rally towards new all-time highs for PEPE.\u00a0\u00a0\u00a0 Key Resistance To Ignite PEPE Price Rally Over the past few weeks, […]<\/p>\n","protected":false},"author":0,"featured_media":46429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46428"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46428"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/46429"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}