PEPE Price Confirms Phoenix Rising Pattern, Targeting 66% Upside

The PEPE price has revealed a bullish pattern, which indicates that a massive surge could be on the horizon.

The price of PEPE has shown a bullish pattern, which could indicate that a massive surge is on the horizon. One crypto analyst has now predicted that the meme coin could witness a price surge of almost 70%.

PEPE Price Confirms Phoenix Rising Pattern

In a recent TradingView post, crypto analyst OneImpact stated that the price of PEPE has shown a textbook ‘Phoenix Rising’ pattern, which is highlighting an extraordinary upside opportunity. With the meme coin currently trading at its apex after exhibiting significant momentum throughout the recent bullish cycle, it appears that PEPE is poised for a massive recovery rally toward historical resistance.

The analyst also noted that the bottoming pattern for the price of PEPE has completed, which is supporting the bullish outlook for the meme coin. OneImpact said that after a prolonged downtrend from January 2025, PEPE has formed a perfect bottoming pattern with key components:

• Accumulation Channel Formation: March-April saw the price of PEPE forming a base in a defined channel between $0.000005 and $0.000008, presenting an excellent opportunity for smart money to accumulate positions at attractive price points.

• Channel Breakout Confirmation: Recent price action shows the price of PEPE breaking out of the channel to the upside with the last green candle showing expanding volume. This signals the beginning of the next leg of the trend and could indicate institutional entry.

• Historical Supply Zone: This is the crucial $0.0000175 to $0.0000185 range, which acted as support for the price of PEPE before the January breakdown. It is also the price level where the previous rally met resistance before rolling over.

A 66% Upside Play On The Horizon For The Meme Coin

Based on these bullish technicals, OneImpact went on to predict that the price of PEPE could surge as much as 66%. The analyst said that this surge will come in three distinct phases:

1. Consolidation Period: After the initial breakout surge, the analyst believes that the price of PEPE will likely form a higher low around $0.00001033, creating the ideal risk-reward opportunity for traders to enter the trade.

2. Series Of Higher Highs And Lows: The second phase will see the price of PEPE chop through previous resistance levels and volume dry up on the rallies, setting the stage for the final push.

3. Final Push To Take-Profit Target: As the price of PEPE stalls at the 0.382 Fibonacci retracement level, it will then witness a final push toward the $0.00001715 take-profit target, which represents a 66% gain from current levels.

OneImpact added that a triple confluence of factors makes this setup particularly compelling:

1. Volume Confirmation: The breakout candle shows 5.50% gains on expanding volume, which is a textbook definition of genuine price movement in an order book.

2. Historical Context: The current price structure almost mirrors the bottoming pattern seen in early 2024 before the major rally in the price of PEPE.

3. Macro Alignment: This move coincides perfectly with the projected decline in Bitcoin’s dominance, which creates the ideal conditions for the meme coin to outperform.

At the time of writing, the price of PEPE stands at $0.0000134, up more than 7% in the past 24 hours, according to CoinMarketCap.