PEPE Coin Soars 60% in 4 Days: Is a New All-Time High on the Horizon?
Pepe Coin $PEPE , one of the most popular meme tokens in the market, has surged more than 60% in just four days, propelled by Ethereum’s climb above $2,400 and strong technical momentum. The rally has pushed PEPE to $0.00001264, sparking speculation about a potential breakout toward new all-time highs (ATH).
PEPE Breaks Out of Triangular Formation
PEPE’s price has soared 137% since bottoming at $0.00000525 on March 11. This rally has brought the coin back to price levels not seen since early February, including a key resistance near $0.00001391. More importantly, the price has broken above the 50% Fibonacci level at $0.00001222, triggering a clean breakout from a descending triangle pattern.
This triangle had formed between the all-time high in December 2023 ($0.00002836) and the March low, creating a technically significant formation. The recent 35% intraday spike on May 8 confirmed the breakout. If the measured move plays out, analysts are eyeing a potential target of $0.000022, representing a 161% Fibonacci extension from the formation’s base.
