Close Menu
FintechFetch
    FintechFetch
    • Home
    • Fintech
    • Financial Technology
    • Credit Cards
    • Finance
    • Stock Market
    • More
      • Business Startups
      • Blockchain
      • Bitcoin News
      • Cryptocurrency
    FintechFetch
    Home»Blockchain»Analyst Says PEPE Price Must Break This Resistance Level For 150% Surge Toward ATHs
    Blockchain

    Analyst Says PEPE Price Must Break This Resistance Level For 150% Surge Toward ATHs

    FintechFetchBy FintechFetchFebruary 20, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Este artículo también está disponible en español.

    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.   

    Key Resistance To Ignite PEPE Price Rally

    Over the past few weeks, Pepe, the popular frog-themed meme coin, has been stuck in a downtrend, 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, PEPE and many other cryptocurrencies have recorded severe losses. 

    Related Reading

    Despite the bearish performance, a pseudonymous TradingView analyst called ‘MyCryptoParadise’ has shared a bullish forecast for the PEPE price. The analyst projects that it could experience a massive 150% price surge, pushing it to $0.00003 and marking new all-time highs. 

    For this prediction to become a reality, Pepe will have to confirm a price reversal 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. 

    Source: MyCryptoParadise on Tradingview

    While breaking above a key resistance 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; however, technical indicators reveal that Pepe’s current price fundamentals remain bullish.

    Notably, Pepe is trapped inside a Falling Wedge 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. 

    Pepe also forms a bullish divergence on the histogram in its chart, signaling a possible shift in momentum to the upside. 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.  

    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. 

    Bearish Scenario Unveiled

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

    Related Reading

    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.

    PEPE
    PEPE trading at $0.0000094 on the 1D chart | Source: PEPEUSDT on Tradingview.com

    Featured image from LinkedIn, chart from Tradingview.com



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleThis Week in Fintech: TFT Bi-Weekly News Roundup 20/02
    Next Article Prediction: this investment trust will easily outperform the FTSE 250
    FintechFetch
    • Website

    Related Posts

    Blockchain

    Ethereum Hits $4,300, Restores Buterin’s Crypto Billionaire Status

    August 10, 2025
    Blockchain

    Altseason Still On Hold – Metrics Reveal BTC Outpaces Large, Mid, Small Caps

    August 10, 2025
    Blockchain

    XRP Stalls, But Holds The Line At $3.30 After Explosive Rally

    August 10, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Your Brand Isn’t Broken — Your PR Strategy Is. Here’s What to Do Instead

    July 16, 2025

    Why this FTSE 100 pharma stock is one for investors to consider right now

    May 20, 2025

    Is Franchising Right for You? Here’s How to Find Out.

    August 4, 2025

    JPMorgan Employees Report Lower Culture Scores: Survey

    June 11, 2025

    BTC Consolidation Continues but Bearish Signs Flash

    June 18, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    Most Popular

    Blackhole Protocol Tops Gains on Avalanche: Will BLACK Crypto Break All-Time Highs?

    July 23, 2025

    How the Crypto Market Fared in March 2025, According to Binance Research

    April 6, 2025

    How much in Phoenix Group shares does an investor need for £1k of monthly passive income?

    June 25, 2025
    Our Picks

    How much do you need to earn a tax-free £2,000 monthly passive income from an ISA?

    August 10, 2025

    Ethereum Hits $4,300, Restores Buterin’s Crypto Billionaire Status

    August 10, 2025

    Meta Makes Billion-Dollar Job Offer Competing for AI Talent

    August 10, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Fintechfetch.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.