Pepe coin is making headlines, with analysts predicting a massive price jump. One analyst, OneImpact, believes a bullish pattern suggests a potential 70% surge is on the cards.
The Phoenix Rising Pattern
OneImpact, using TradingView, spotted a “Phoenix Rising” pattern in Pepe’s price chart. This pattern, they claim, strongly indicates a significant price increase. The analyst points to Pepe’s current momentum and position as being primed for a major recovery rally.
Key Indicators for a Bullish Outlook
The analyst highlights three key factors supporting their prediction:
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Accumulation Channel: Smart money accumulated Pepe between $0.000005 and $0.000008 during March and April.
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Channel Breakout: A recent surge in volume accompanied by a significant price increase signals potential institutional investment.
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Historical Supply Zone: The $0.0000175 to $0.0000185 range previously acted as support before a price drop in January 2025. This zone is now seen as a potential target.
The Predicted 66% Surge: A Three-Phase Plan
OneImpact forecasts a 66% price increase in three phases:
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Consolidation: After the initial breakout, a period of consolidation around $0.00001033 is expected, creating a good risk-reward scenario for investors.
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Higher Highs and Lows: The price will then climb, creating a series of higher highs and higher lows as it breaks through previous resistance levels.
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Final Push: A final push to the $0.00001715 target is anticipated, representing the 66% gain.
Why This Prediction is Compelling
OneImpact cites three reasons why this prediction is particularly strong:
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Volume Confirmation: The breakout candle shows substantial volume, indicating genuine price movement, not just manipulation.
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Historical Context: The current price pattern closely resembles the bottoming pattern seen before Pepe’s previous major rally in early 2024.
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Macro Alignment: The prediction aligns with the expected decrease in Bitcoin’s dominance, creating favorable conditions for altcoins like Pepe to outperform.
Current Price and Conclusion
At the time of writing, Pepe is trading around $0.00001427, up over 9% in the last 24 hours. While this prediction is bullish, remember that cryptocurrency investments are inherently risky. Always do your own research before investing.