💥 PEPE Breaks Out of Consolidation, Eyes $0.00002 Target! 🎯

👀 Pepe (PEPE) is once again in the spotlight as it approaches a critical breakout level, riding the coattails of Ethereum’s recent rally. While ETH has surged to new highs, PEPE has lagged, positioning itself as a potential high-beta catch-up play.

Now, multiple technical patterns suggest the asset may be on the edge of a major move. With Pepe currently trading at $0.0000136, analysts are turning increasingly bullish on its short-term and long-term price potential.

👀 PEPE Key Breakout Levels to Watch

PEPE recently closed just above a key resistance zone near $0.00001385, indicating that buyers are regaining control. Lark Davis, a prominent analyst, highlights the significance of this level.

According to his analysis, the orange trendline marks a crucial breakout level, and a sustained move above it could unlock targets at $0.0000165, $0.00002, and even $0.000025.

👀 “Cup and Handle” Breakout Validates PEPE’s Bull Case

CryptoJack, another seasoned analyst, identifies a classic Cup and Handle pattern on PEPE’s daily chart. This pattern formed from February through May, followed by a consolidation in a falling channel. That “handle” phase recently resolved with a sharp breakout rising over 38% which adds conviction to the bullish outlook.

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