From here, the analyst sees the PEPE price reaching as high as $0.000022, which would be a 75% increase from the current price. This would still be below its current all-time highs of $0.000028, but it shows a step in the right direction, especially as meme coin mania is looking to resume on the back of the Pump.Fun presale sellout.
Other indicators that the PEPE price is on the path to a breakout include the fact that more investors are coming into the meme coin as the hype grows. So far, there has been a lot of liquidity for the meme coin, with daily trading volumes remaining on he high side. The price volatility has also been a magnetic pull for swing traders, who continue to place their bets on the PEPE price.
For now, the analyst highlights that “Traders should keep a close eye on the breakout level and volume spikes, as these will serve as key confirmation signals for the next move.”
