Pepe Coin: Technical Breakout Suggests Bullish Price Action in 2025

After a recent dip, Pepe Coin (PEPE) is set to break out in 2025. At the moment, Pepe Coin is at $0.00001620, which is up 5.92% in the last 24 hours.

Pepe Coin (PEPE) is still hot in the cryptocurrency space, known for its wild price swings. After a recent dip, PEPE is set to break out in 2025. At the moment, Pepe Coin is at $0.00001620, which is up 5.92% in the last 24 hours. But weekly is down 4.17% and monthly is down 3.79%.

Pepe Coin weekly price chart. Source: Brave New Coin

Long-term holders, however, have seen some crazy returns, PEPE is up 1,250% this year. That’s a big deal for anyone looking to invest long-term in crypto.

Pepe Coin: Technical Breakout Suggests Bullish Price Action

The technicals look good for Pepe Coin. Pepe Coin is showing some interesting technical signs that suggest a bull reversal is near. According to VRcrypto, a double bottom has formed at a major support level, which means a strong rejection of lower prices and a change of momentum to the upside. This is a common pattern for a change of direction in the market. And a pennant is forming with the double bottom. Pennants are continuation patterns, so the previous uptrend should resume.

Pepe to the moon. Source: VR Crypto

For Pepe Coin, the completion of this pennant could mean a big breakout. The current price at $0.00001620 is just below the resistance at $0.000018 which is the level to watch for a breakout.

From a trading perspective, the ideal entry for a long position would be post-breakout of the pennant pattern, especially if the price goes above $0.000015. This way you minimize the risk of entering during a fake breakout and maximize the potential return from a sustained move. Set your initial targets at around $0.000018 which is the next resistance.

PEPE/USD daily chart. Source: Trading View

The technicals are also supported by the Relative Strength Index (RSI). The RSI is at 43.93 which is below the overbought zone so there’s still room to move up before the asset gets overbought.

PEPE’s Whale Activity and Strategic Accumulation Stir Market Optimism

Recent whale activity is also bullish for Pepe Coin. Over the last 24 hours, big crypto investors are buying big:

Competitive Edge: PEPE Vs Dogecoin

Pepe Coin has been outperforming Dogecoin (DOGE) in many areas. PEPE’s 24-hour trading volume is $3.88 billion vs DOGE’s $1.9 billion. PEPE’s market cap is also $11 billion, making it a top 20 coin. Even while a strong narrative is building around the idea that Dogecoin goes to $1 in 2025, Pepe might be even stronger.

Analysts are looking at a wide range of price predictions for Pepe Coin in 2025. Conservative estimates have the token price at $0.01 by the end of 2025. Many see its entry into DeFi as a big milestone and this could be the catalyst for the coin to hit $0.01 by 2025.

Crypto Zeus highlights a bullish outlook for PEPE holders, connecting it to a “massive green signal” for the crypto market in 2025, attributed to Trump. He predicts that 2025 will be a significant year for both $PEPE and the broader cryptocurrency market.

Some experts predict that PEPE could reach $0.000022 by January 2025, representing a 29.92% increase from its current value, with the potential to hit $0.00002861 by mid-year.

PEPE falling wedge chart. Source: Crypto Michael on X

According to Crypto Michael, PEPE is in a falling wedge which is bullish. Price consolidates between two descending trend lines, with the yellow trend line being the resistance.

For $PEPE to go up, it needs to break above this yellow trend line and then above the wedge resistance at 0.00002. That will trigger a reversal and potentially a new ATH.

Social Media and Macro Trends on Pepe Coin

Pepe Coin, like many meme coins, lives and dies by social media trends. The recent inauguration of US President Donald Trump had a big impact on the recent bull run. Especially as Trump has launched a meme coin of his own, effectively legitmising meme coins.

Elon Musk’s support for Dogecoin is driving prices, as well as other meme coins like PEPE. His involvement with the Department of Government Efficiency (DOGE) and Dogecoin during Donald Trump’s presidential campaign which was all about pro-crypto policies