The bull fractal pattern points to a breakout rally in $PEPE Coin price that could catapult the meme coin to new all-time highs, says analyst.
Analyst notes Pepe coin price is eyeing a 103.77% rally, targeting a new all-time high of $0.000028364 in the coming weeks.
According to markets expert @LLuciano_BTC, a notable fractal pattern emerged on the one-day chart that indicates if history rhymes, the price of PEPE could rally past previous highs.
The bullish structure was accompanied by a 40% surge in derivatives trading volume, which saw them reach $2.4 billion.
Pepe Coin Price Eyes $0.000028364 ATH, Says Expert
As per a $PEPE Coin price analysis by @LLuciano_BTC, PEPE is positioned for a potential rally towards its previous all-time high of $0.00002825, a move that could spark a 103.77% breakout to a new ATH at $0.000028364.
The meme token is currently trading just below a key resistance zone, consolidating within a broadening wedge.
This bullish continuation pattern forms in trending markets and typically precedes sharp upward price expansions once the asset breaches the resistance.
For the aforementioned market structure, the upper boundary of the wedge lies near the $0.000017000 mark, acting as the immediate breakout level.
A successful push above this threshold, notes the analyst, especially if supported by rising volume, could trigger a rally targeting the ATH set in December 2023.
According to the expert, the measured move for the breakout is derived from the wedge’s depth, projected upward from the breakout point to an upper target of $0.000028364.
If PEPE confirms this breakout, says the expert, the Ethereum-based meme coin will not only reclaim the previous ATH but also position itself for price discovery in the coming weeks.
PEPE Futures Trading Volume Rockets to $2.44B
Crypto futures data from Coinglass shows that derivatives activity in $PEPE markets has intensified over the past 24 hours.
Trading volume jumped 40 percent to $2.4 billion, while open interest rose 16 percent to $600 million, the data showed.
Increased trading activity in the futures markets further complements the bullish and long-term Pepe Coin price forecast 2025-2030, suggesting that a new ATH line may be in place thanks to increased volume.
