Pepe Surges 25% as Fractal Pattern Suggests 300% Rally

This week, the cryptocurrency market has reached unprecedented heights, with Bitcoin (BTC) achieving a new all-time high of $118K and Ethereum (ETH) experiencing a robust 17% weekly gain. This bullish momentum has extended to major memecoins, with Pepe (PEPE) attracting significant attention.

PEPE has surged by 25% this week, but the more intriguing development is the emergence of a potential fractal pattern on its chart. This pattern mirrors its explosive breakout from late 2024, suggesting a possible repeat of that bullish rally.

In late 2024, PEPE formed a classic breakout pattern. After reclaiming both its 100-day and 200-day moving averages, it broke out of a symmetrical triangle. This breakout triggered a massive 172% rally, pushing prices to test the upper boundary of its long-term ascending channel.

Currently, PEPE appears to be retracing a similar path. The token has once again reclaimed both the 100-day and 200-day moving averages and is now pressing against the resistance of a symmetrical triangle, almost identical to the setup before its previous breakout.

If this fractal pattern continues, a successful breakout from the triangle could propel PEPE into another powerful rally, potentially targeting the upper boundary of the channel near $0.000050. This represents a +300% move from current levels.

However, confirmation is crucial. Until PEPE decisively breaks out from the triangle with strong volume, traders should exercise caution. A failed breakout attempt could result in a short-term pullback, with support resting near the 200-day moving average around $0.000010.