PEPE Crypto Meme Coin Eyes 40% Rally Amid Bullish Pattern

Pepe (PEPE), the third-largest crypto meme coin, has garnered significant attention from crypto enthusiasts due to its bullish price action pattern. On March 18, 2025, as the overall sentiment in the crypto landscape began to shift positively, PEPE reached a critical breakout level. According to technical analysis, PEPE has formed a bullish inverted head and shoulders pattern on the four-hour timeframe, indicating a potential for a significant price surge.

If PEPE successfully breaks out of this pattern and closes a four-hour candle above the $0.0000075 level, it could soar by 40% to reach the next resistance level of $0.00001050 in the coming days. This breakout is considered a bullish sign and could shift overall market sentiment. Additionally, a crypto expert noted that if PEPE successfully breaches a falling wedge pattern, it could surge by 50% to 60% in the coming days.

Currently, PEPE is trading near $0.00000733, reflecting a price surge of over 13% in the past 24 hours. This heightened participation from traders and investors is evident in the soaring trading volume, which has increased by 45%. The chart has formed a bullish pattern, further indicating upside momentum. Traders have been strongly betting on the long side, with bulls dominating the market.

Data reveals that traders are currently over-leveraged at $0.00000693 on the lower side and $0.00000771 on the upper side, holding $4.85 million and $2.35 million worth of long and short positions, respectively. This on-chain data confirms the bullish sentiment surrounding PEPE.

PEPE, inspired by the Pepe the Frog meme, is nearing a crucial breakout point, leading traders to eye a potential 40-60% rally. The cryptocurrency market has been experiencing mixed emotions, with some coins facing price slumps. However, PEPE's stability and potential for a top 20 spot in the market have caught the attention of investors.

The memecoin market has seen a significant downturn, shrinking by 56% since its all-time high. This downturn has left only the most substantial projects standing, indicating an opportunity for savvy investors. As weaker tokens fade, a new wave of high-potential assets is emerging. These new meme coins are no longer just about speculation—they’re about community strength, innovation, and actual market demand.

PEPE, launched on Ethereum, is one of the new meme coins that has been gaining traction. Its potential for a 40% rally is based on its strong community support and the growing interest in meme coins. The memecoin market has been volatile, but PEPE's stability and potential for growth make it a standout in the current landscape.

The cryptocurrency world has been buzzing with mixed emotions as Pi Network (PI) holders express frustration over the coin's slump. However, PEPE's potential for a 40% rally has caught the attention of investors looking for the next big thing in the memecoin market. The stability and potential for growth make PEPE a compelling investment opportunity in the current market.