Crypto Market Hits Historic Highs: PEPE Eyes Potential Mega-Rally
The cryptocurrency market is rewriting history this week. Bitcoin (BTC) shattered records by surging to an unprecedented $118,000, while Ethereum (ETH) rode the bullish wave with a robust 17% weekly gain. As momentum spills into the memecoin arena, Pepe (PEPE) is re-emerging as a standout contender—posting a 25% weekly surge and hinting at a dramatic technical pattern reminiscent of its legendary late-2024 breakout.
The Fractal Echo: A Blueprint for Another Surge?
In late 2024, PEPE staged a jaw-dropping 172% rally after a clear technical sequence:
1. Reclaiming its 100-day and 200-day moving averages (MAs),
2. Breaking out of a tightening symmetrical triangle,
3. Testing the roof of its long-term ascending channel.
Source: PEPE Daily Chart via Coinsprobe (TradingView)
Today, history appears to be rhyming:
🔹 PEPE has again reclaimed both the 100-day and 200-day MAs,
🔹 It now presses against resistance in an uncannily similar symmetrical triangle pattern.
What Comes Next?
If the fractal plays out, a confirmed triangle breakout could ignite a powerful rally toward the ascending channel’s upper boundary near $0.000050—a potential +300% surge from current levels.
But caution remains crucial:
✅ Confirmation needs:A decisive breakout with strong volume to validate momentum.
⚠️ Risks:Failure to break resistance may trigger a pullback to key support at the 200-day MA (~$0.000010).
The Verdict
PEPE’s chart is flashing a technically significant signal—one that could either unlock explosive gains or demand strategic patience. Traders should watch for volume-backed momentum in the coming days. As Bitcoin and Ethereum lead the market charge, PEPE’s memecoin narrative is back in the spotlight. DYOR No Financial Advice!.