Pepe exhibits bullish cup and handle pattern, signaling potential price surge toward $0.000033 range.
In the cryptocurrency market, the PEPE token has been making waves as it forms a Cup and Handle pattern from January to July 2025. This technical formation suggests a bullish breakout above the $0.000015 resistance level.
The handle, a shallow consolidation, was formed in early July. As of now, both the Stochastic RSI and MACD indicators for PEPE/USDT are deep in the oversold zone, indicating a potential reversal.
If PEPE manages to break out above the $0.000015 resistance, the projected price range based on the Cup and Handle pattern observed from January to July 2025 is roughly between $0.000018 and $0.000025. Some bullish analysts even target an extended rally up to $0.000030.
The cup's depth and breakout confirmation have led one analysis to project a price target around $0.000018 to $0.000020. Another source confirms a similar breakout target at $0.000025, supported by bullish MACD crossovers and sector momentum. More optimistic views consider a breakout extension toward $0.000030 if buying momentum and accumulation by whales persist.
Currently, the PEPE/USDT pair is trading at $0.00001206, showing signs of reduced volatility. The Bollinger Bands on the one-day Binance chart for PEPE/USDT are tightening, suggesting weakening short-term pressure and a possible buildup for a reversal. The current circulating supply of PEPE is 420.68 trillion.
The upper band on the Bollinger Bands is set at $0.00001420, while the lower band is at $0.00001148. The 20-day simple moving average for PEPE/USDT is around $0.00001284. The price action around $0.00001272 confirms repeated attempts to challenge the neckline, which lies between $0.00001300 and $0.00001500.
The 24-hour volume of PEPE is over $892 million, and the market cap of PEPE exceeds $5 billion. A breakout above $0.00001500 could activate a projected target between $0.00002500 and $0.00003900. However, it's important to note that targets above $0.000035 are considered less likely or more speculative.
In summary, the short-to-medium term projected price range after a breakout from the $0.000015 resistance is predominantly between $0.000018 and $0.000025, with a possible upside extension toward $0.000030 based on the classical Cup and Handle pattern and supporting technical signals observed through mid-2025.
The upcoming breakout of the PEPE token, predicted to happen above the $0.000015 resistance level, is attracting interest from investors in the cryptocurrency market, as it could potentially lead to substantial gains in finance. With the technical formation of the Cup and Handle pattern, and bullish indicators such as the Stochastic RSI, MACD, and Bollinger Bands, the projected price range for PEPE/USDT is roughly between $0.000018 and $0.000025, suggesting a significant opportunity for technology-focused investors in the cryptocurrency sector.
