Pepe ($PEPE ) Approaches Key Resistance – Is a Breakout

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The cryptocurrency market has staged a solid comeback in recent weeks after a slow and bearish Q1. Bitcoin (BTC) hit a jaw-dropping new all-time high of $111,861, while Ethereum (ETH) surged 78% this month, lifting overall market sentiment — especially among memecoins like Pepe (PEPE).🔥

PEPE has jumped more than 79% over the past 30 days, reclaiming bullish momentum. Now, a classic technical setup suggests the rally might just be getting started.💥

Testing a Classic Rounded Bottom Resistance

On the 4-hour chart, PEPE has formed a textbook rounded bottom — a well-known bullish reversal pattern that often marks the shift from downtrend to uptrend.

This formation began after PEPE was rejected from resistance around $0.00001510 on May 13, sparking a sharp correction of nearly 20%, taking it down to $0.00001237 by May 17.

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What’s Next for PEPE?

If PEPE manages to close decisively above the neckline at $0.00001510, the projected breakout target (based on the depth of the pattern) suggests a move toward $0.00001800 — a possible 23% upside from current levels.

Much will depend on the broader altcoin market. Ethereum (ETH) is currently testing heavy resistance near $2,700, and a breakout there could act as a tailwind, pushing altcoins like PEPE through major resistance levels and into price discovery