Pepe Coin’s price has rapidly increased—could this signal the beginning of a 40-fold growth?

Crypto analyst Ali Martinez points out a promising inverse head-and-shoulders pattern for PEPE Coin, anticipating a potential breakout of 2627.05%. Data from Coinglass shows a significant rise in futures open interest (+3953%) and a jump in derivatives trading volume (+2395%). After over 2000% weekly gains, PEPE Coin has attracted investors’ interest, and traders are optimistic that the rally for this meme coin will persist. Leading crypto market analysts are forecasting that PEPE Coin could see price increases between 26% and 60%, with some estimates reaching up to 40 times its current value. A bullish breakout is anticipated for the price of PEPE Coin. In his latest assessment on the X platform, cryptocurrency analyst Ali Martinez emphasized a possible upward breakout for Pepe Coin. The analyst observed that the meme coin has been developing an inverse head-and-shoulders pattern on its hourly chart since early March, indicating a potential trend reversal. The critical resistance level for this formation is at $0.0000075. Martinez observed that the price movement in the last 24 hours has finalized the right shoulder of the pattern. If the price consistently rises above the neckline, it could lead to a notable 40% increase in the value of PEPE Coin. Conversely, crypto analyst CryptoELITES has pinpointed and validated a support level for PEPE Coin at $0.0000069834. The analyst’s forecast emerged precisely when the meme coin started to recover, and its current value is already trading much higher, as noted in our previous news article. At the time of this report, PEPE is priced at $0.0003, reflecting a 2.50% decrease on the daily chart. Nevertheless, the ongoing activity continues to maintain analysts’ optimistic outlook.