PEPE Surges 38% as Bullish Pattern Confirmed

PEPE has recently garnered significant attention due to a strong technical breakout that has confirmed bullish momentum on both the daily and 4-hour charts. Analysts have identified a classic “cup and handle” pattern on the 1-day timeframe, which signals continued upward potential. This pattern, which formed between February and June 2025, consists of a cup phase from February to May, followed by a handle phase that developed as a downward channel through June. The recent breakout from the handle has driven the price sharply higher, confirming the bullish structure.

CryptoJack, a prominent analyst, noted that the price action is progressing as expected, with a 38% surge post-breakout. The pattern, supported by rising volume, indicates a continued upward trend. This bullish setup has attracted the attention of traders, who are now focusing on new resistance levels. On the 4-hour timeframe, PEPE/USDT broke out from a rising channel on July 10, with a large bullish candle and increased trading volume confirming the move. The price jumped from below $0.00000100 to over $0.00000130 during the breakout phase.

Following the breakout, a successful retest near the $0.00000120 zone held as firm support. At the time of reporting, PEPE is consolidating just below resistance between $0.00000135 and $0.00000140. Analysts suggest that a clear breakout above this area could trigger another upward leg toward $0.00000150. The setup offers a favorable risk-to-reward ratio with stop-losses placed below the resistance zone. Currently, PEPE is trading at $0.00001365, marking a 6.04% gain over the past 24 hours. Analysts remain focused on the resistance between $0.00000135 and $0.00000140. A confirmed break above this level could open the path toward the $0.00000150 target.

Traders are closely monitoring price behavior as bullish momentum holds. Continued consolidation above support and a push through resistance would further validate the current bullish outlook. As technical patterns align across timeframes, PEPE remains a key chart to watch in the coming sessions. The technical structure supports a price climb toward the next resistance target, making PEPE a notable asset in the current market landscape.