The PEPE price has revealed a bullish pattern, which indicates that a massive surge could be on the horizon. Based on this pattern, crypto analyst OneImpact has predicted that the meme coin could witness a price surge of almost 70%.
PEPE Price Confirms Phoenix Rising Pattern
In a TradingView post, OneImpact stated that the PEPE price has shown a textbook ‘Phoenix Rising’ pattern, which signals an extraordinary upside opportunity currently unfolding. With the meme coin trading at its current price level with significant momentum, the analyst remarked that PEPE appears poised for a massive recovery rally toward historical resistance.
The analyst also noted that the bottoming pattern for the PEPE price has completed, which supports the bullish outlook for the meme coin. OneImpact said that after a prolonged downtrend from January 2025, PEPE has formed a perfect bottoming pattern with key components.
One of the key components for the PEPE price is the accumulation channel formation, with the March-April base-building phase where smart money accumulated positions between $0.000005 and $0.000008. The second key component is the Channel Breakout confirmation, with the analyst noting that the recent green candle with expanding volume signals institutional entry.
The third key component is the historical supply zone. OneImpact stated that this is the crucial $0.0000175 to $0.0000185 range, which previously acted as support for the meme coin’s price before the January breakdown.
A 66% Upside Play On The Horizon For The Meme Coin
Based on these bullish technicals, OneImpact predicted that the PEPE price could surge 66%. The analyst indicated that this surge would come in three distinct phases. The first phase would be the consolidation period. After the initial breakout surge, the analyst believes that the meme coin’s price will likely form a higher low around $0.00001033, creating the ideal risk-reward opportunity.
The second phase will create a series of higher highs and higher lows as the price climbs through previous resistance levels. OneImpact stated that the meme coin will then witness a final push toward the $0.00001715 take-profit target in the third phase, representing a 66% gain. The analyst explained that a triple confluence of factors makes this setup “particularly compelling.”
The first factor is the volume confirmation. OneImpact noted that the breakout candle shows 5.50% gains on expanding volume, which the analyst claimed is a textbook definition of genuine price movement. The second factor is the historical context. He revealed that the current price structure mirrors almost identically the bottoming pattern seen in early 2024 before the meme coin’s previous major rally.
The third factor is the macro alignment. The crypto analyst said this move coincides perfectly with the projected decline in Bitcoin’s dominance, which creates the ideal conditions for the meme coin to outperform.
At the time of writing, the PEPE price is trading at around $0.00001427, up over 9% in the last 24 hours, according to data from CoinMarketCap.
Featured image from iStock, chart from Tradingview.com
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