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▲ Pepe (PEPE)/AI Generated Image ©
The possibility of memecoin Pepe (PEPE) breaking out of a long-term accumulation phase has been raised, with a scenario of up to a 55x increase attracting market attention.
On April 21, crypto media outlet NewsBTC reported, citing technical analysis, that Pepe has entered a 'high-confluence accumulation zone'. This zone is an area where key support levels, order blocks, and fair value gaps overlap simultaneously, interpreted as a signal for large funds to build positions.
Currently, Pepe is trading around $0.0000037, maintaining a crucial support area. According to the analysis, if this structure holds, strong upward pressure could accumulate, and a sustained break above $0.000006 would confirm a definitive bullish reversal.
Notably, the fact that a similar pattern in the past led to an approximately 4,500% surge is being re-highlighted, with predictions of up to a 55x increase possible in this cycle. Some analysts have suggested mid-to-long-term target prices ranging from $0.000028 to $0.0001.
However, this scenario is contingent on the key support area being maintained. If the price falls below $0.0000017, the bullish structure itself could be invalidated. The market is currently in a phase of exploring direction, closely monitoring whether key resistance levels are broken.
While recent price movements show a gradual recovery, they still remain below major resistance lines, indicating a high likelihood of continued short-term volatility. Market participants are focusing on whether the accumulation zone holds and on breakout signals as key variables.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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