PEPE Coin Price Prediction: Technical Analysis Reveals 'Cup and Handle' Pattern Targeting $0.00001400

Technical analysts note PEPE Coin price development after it established a well-defined “cup and handle” pattern. This serves as an indication for further upward movement.

Technical analysts are noting the development of PEPE coin price after it formed a well-defined “cup and handle” pattern. This serves as an indication for further upward movement.

Experts anticipate an imminent breakout as this particular pattern developed alongside rising trading volume during periods of market strength.

The setup suggests a potential rally in PEPE price if it manages to clear key resistance levels, with projections indicating a price target of $0.00001400.

Crypto market analyst James Wynn, who recently shared his chart analysis on social platform X, says the coin is approaching the pattern’s neckline.

Breaking this could trigger a rally, which is also being hyped up by increased investor activity.

PEPE Coin Price Cup and Handle Formation

James Wynn’s analysis focuses on the formation of a cup and handle on the PEPE/USDT chart. In technical analysis, this structure is usually recognized as a bullish continuation pattern.

The “cup” part of the pattern denotes a period of gradual recovery and accumulation, which follows a prior downtrend. It reflects a market scenario where early buyers are accumulating an asset over time and slowly build momentum.

The “handle” part of the pattern follows this recovery and often involves a minor pullback or consolidation. This pattern reflects a short-term pause, where some traders might be booking profits and others are preparing for the potential continuation of the uptrend.

In PEPE’s case, this consolidation was forming just below the resistance level of $0.00001000. A breakout from the handle, especially if it’s supported by strong trading volume, could confirm the bullish outlook.

Key Resistance Levels May Spark Short-Term Volatility

Wynn highlights two major resistance levels that traders are currently observing: $0.00001000 and $0.00001050. The first level, at $0.00001000, is also a psychological barrier.

The second resistance level, at $0.00001050, is both a technical barrier and an area where traders who entered short-term trades might take some profits, leading to a potential retracement.

The analyst predicts that as the price rises to this level, some volatility can be expected. He refers to this zone as a “shakeout” area, where investors might sell amid uncertainty, before the price stabilizes and prepares for the next leg up.

Despite the potential for pullbacks, Wynn suggests that any dip following a test of these resistance levels could be short-lived. He anticipates a recovery, with PEPE price returning to retest the $0.00001050 level from above, converting previous resistance into new support.

A successful breakout followed by a clean retest of the $0.00001050 level is a pivotal moment for the asset.

Wynn’s analysis labels this phase as a “re-entry” opportunity, highlighting that the confirmation of support at the former resistance level could attract additional buyers. Once this support is established, the technical setup favors a continuation of the bullish trend.

The potential for a parabolic move becomes more likely as more investors respond to the breakout. Such setups are often associated with rapid price rallies, especially in speculative assets like meme coins, where retail interest plays a large role.

PEPE Meme Coin Rally to 0.00001400

Should PEPE price maintain momentum following a confirmed breakout, the next target, according to the analyst, is $0.000