Pepe Nears Symmetrical Triangle Breakout as 99.21% Price Surge Looms

Pepe (PEPE) is currently forming a symmetrical triangle pattern on the 4-hour PEPE/USDT chart, with resistance near $0.00001250 and support at $0.00001050. This technical formation has developed over several months, consolidating price action into a tighter range as the price oscillates between descending resistance and ascending support trendlines. The current price of $0.00001157 sits just below the critical breakout threshold, having recently bounced off key support within the triangle structure.

A confirmed breakout above the resistance trendline could trigger a 99.21% price increase, according to technical analysis. This would project PEPE toward a target of approximately $0.00002273, nearly doubling its current valuation based on the measured move from the pattern. Holding above the support trendline remains essential for maintaining bullish momentum and validating the integrity of the triangle pattern [1].

The symmetrical triangle is now nearing the apex, where breakout decisions typically occur. A decisive move above the upper trendline would confirm bullish intent and potentially signal the start of a larger upward leg. Measured move calculations support the possibility of a near-doubling in value, offering a clear technical target for traders seeking medium-term opportunities.

Key levels to watch include the primary breakout confirmation level at $0.00001250 and the near-term structural support at $0.00001050. Sustained price action above these levels will be crucial in determining whether the pattern holds or fails. If bullish momentum builds, interim resistance could emerge around $0.00001600 before the price attempts to reach the projected $0.00002273 target. However, volume participation will play a key role in validating the breakout, as low volume could lead to a false move.

The broader market is closely observing whether PEPE can sustain enough momentum to achieve the projected 99% surge. The technical chart currently presents a clear scenario: maintain trendline support, break above resistance, and open the path to a significant price increase. With the symmetrical triangle nearing completion, traders are preparing for decisive action in the coming sessions.

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Source: [1] [Pepe Coin Targets 99% Rise as Symmetrical Triangle Nears Breakout](https://cryptonewsland.com/pepe-targets-99-rise-as-symmetrical-triangle/)