Here’s How High PEPE Price Could Go After Smashing Through Its Toughest Trendline

PEPE is back in focus after a breakout from its longest daily downtrend, while Bitcoin trades above the $100,000 level.

Pepe price broke out of its toughest trendline on the daily chart, countering a multi-month downtrend. This move has placed PEPE back in focus, especially with Bitcoin trading above the $100,000 level.

According to gems hunter Lyx on X, PEPE has exited its toughest descending channel and is now forming a pattern of higher highs and higher lows.

Historically, this pattern has led to explosive rallies in the token’s past.

As Bitcoin tests a key psychological resistance, traders are watching closely for spillover momentum into meme coins.

The technical pattern, combined with rising social sentiment and improved structure on the daily chart, has placed PEPE back on the radar for speculative traders.

PEPE Breaks Out Of Descending Channel As Bitcoin Surges Above $100K

On the daily chart, PEPE price has broken out of a descending channel that contained it since late December 2023. The downtrend showed lower highs and lower lows, which tells us sellers were in control for several months. The pattern was defined by two parallel trendlines that acted as dynamic resistance and support.

At the time of writing, PEPE has gained nearly 25%, accompanied by a 150% surge in trading volume. This combination of price movement and heightened activity supports the breakout as technically valid. The chart now shows a developing uptrend, with higher lows and higher highs forming for the first time since the peak of PEPE’s last rally.

According to the post by Lyx, this pattern has led to massive gains of 1000% or more in the past.

This move comes at a time when Bitcoin broke above the $100,000 resistance, a development that could increase the appetite for altcoins among traders.

The post adds that there is now more confidence in the market compared to the past six months, suggesting that investors may now be more willing to rotate into speculative assets, including meme coins.

This shift in sentiment comes at a time when technical momentum and on-chain engagement for PEPE are improving. Should Bitcoin maintain levels above $100K, traders could see increased demand for altcoins with high beta, and the PEPE price remains among the most closely watched in that category.

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