PEPE confirms breakout above symmetrical triangle, signaling potential 100–120% upside from breakout zone.
Strong volume and RSI above 70 reflect sustained buying pressure as PEPE trades near $0.00001406.
Current chart structure mirrors past meme coin rallies, suggesting a possible move toward new all-time highs.
PEPE has entered a strong technical position after breaking above a key symmetrical triangle pattern. At the time of writing, the token was trading at $0.00001406. This movement has caught the attention of traders, with expectations now turning toward a possible 100% to 120% rally from the breakout point.
Symmetrical Triangle Breakout Signals Bullish Momentum
According to analysis prepared by PepeCZBinance, PEPE recently broke out from a symmetrical triangle structure on both the daily and 4-hour charts. This pattern, made up of converging trendlines with lower highs and higher lows, often precedes large directional moves.
https://twitter.com/PepeCZBinance/status/1947190282484691160
The breakout was confirmed by an increase in volume, suggesting strong market participation. The daily chart also shows that the previous resistance level has now turned into support, reinforcing the trend shift.
A green projection box has been marked on the chart, indicating a potential 31.33% gain from the breakout level. If current buying pressure continues, the price target could extend up to 120% above the breakout zone, based on standard triangle projection methods.
Market Participation and On-Chain Activity Support Trend
PEPE's price action has remained strong since early July, when it surged by 14% and crossed key resistance levels. Trading volume on the Binance spot market recently reached $327 million, indicating robust liquidity and consistent investor interest.
Simultaneously, the RSI is currently trading above 70 indicating the possible overbought levels yet a strong momentum. On-chain data shows that PEPE now has over 463,000 holders, reflecting sustained growth in community participation.
According to a recent observation by AltcoinGordon via X, “When $PEPE breaks this level, ATHs will come sooner than you think.” Analysts have noted that the current structure resembles setups from past meme coin rallies, which were followed by aggressive upside moves.
The post PEPE Breaks Symmetrical Triangle as Analysts Eye 120% Rally From Current Breakout Structure appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
