PEPE Price Breakout Ahead? Surge Toward $0.0000105 Possible as Bullish Momentum Builds
- PEPE is showing positive momentum after a period of market volatility, benefiting from the recent bullish trend in the overall crypto market.
- The token has been consolidating for several months, indicating the possibility of an upcoming breakout that could shift its price direction significantly.
- If bullish sentiment continues, PEPE could experience a surge that reignites retail investor interest and increases its market visibility.
- Market conditions remain volatile, and PEPEs next move will be critical in determining its path for the second quarter of 2025.
PEPE is on the positive momentum after several weeks of market volatility and downtrend pressure caused by a big sell-off in the crypto market and many other factors that caused alarm among crypto investors. As of April 2025, the overall market has moved from bearish to bullish due to Bitcoins recent surge. PEPE is one of the coins that are benefitting from the recent surge.
PEPE, after its recent low at 0.000005784, then moved in an upward direction. Recently PEPE is trading at 0.000007291 and is up by 4.13% with a 24-hour trading volume of $588.3M and a market cap of $3.06B.
Source: Coinmarketcap
PEPE Builds Momentum: Can It Hit $0.0000105?
Pepe (PEPE) may be at a critical crossroads after being trapped for the past four months inside a downward-sloping channel. Crypto analyst Andrew Griffiths recently highlighted how long Pepe had remained trapped and explained that periods of consolidation like these tend to result in explosive moves both upward and downward. PEPEs price is consolidating, and a breakout may be imminent, Griffiths argues.
If bullish momentum ensues, Griffiths predicts PEPE may move towards the ~$0.0000105, which he labels as the blue wave target. This will be quite a shift in sentiment and can reignite retail investor buying interest. But he warns that if a breakout does not happen, the token could continue to move around and potentially retest the ~$0.00000450 levels as well.
Source: X
With market conditions still volatile and sentiment shifting quickly, PEPEs next move could set the tone for its trajectory heading into the second quarter. While the memecoin has shown resilience and a loyal community, its technical setup suggests a make-or-break scenario that traders will be watching closely in the days ahead.
Related Reading: Solana Eyes $180 If Weekly Candle Closes Above $120, Analyst Predicts
Text source: TronWeekly
