PEPE Coin Price Predicted to Breakout, Could it Hit New ATH in 2025?

Bittime - Pepe (PEPE) has managed to break out of a descending symmetrical triangle pattern, a technical pattern often associated with a potential breakout in the crypto market. Currently, PEPE is trading at $0.00002102 (Rp 0.34), experiencing a decline of 1.18% at the time of writing. 

Despite experiencing a slight retracement, the token is showing eye-catching signs of strength.

Liquidation Data Shows Bullish Sentiment

Liquidation data shows that short positions worth $269.41 thousand (Rp. 4,373,862,000) have been liquidated compared to $35.47 thousand (Rp. 575,454,000) for long positions, reflecting growing confidence in the upward movement. 

Source: Santiment/AMBCrypto

This bullish bias among traders provides additional support for a potential breakout. However, continued buying pressure will be required to maintain these gains and prevent a price pullback.

NVT Ratio PEPE Shows Increasing Market Confidence

The network value to transactions (NVT) ratio has increased from 48 to 60.62, indicating increasing on-chain activity relative to the token market valuation. This indicates renewed investor confidence, with transaction activity supporting price recovery.

Source: Santiment/AMBCrypto

A higher NVT ratio often reflects continued interest in the asset, which can strengthen bullish sentiment. However, for prices to move higher, this ratio must remain consistent with increasing transaction volume.

PEPE's Daily Active Addresses Show Stable Engagement

Daily active addresses were recorded at 5,143, reflecting moderate but steady participation from users. This stability shows that a committed user base is actively engaging with Pepe, even during periods of price consolidation.

Source: Santiment/AMBCrypto

If the token price continues to rise, a spike in daily active addresses could provide further validation of a potential breakout. Therefore, increasing user activity in the next few days will be critical to maintaining the upward momentum.

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Technical Indicators Support Bullish Momentum

Pepe technical indicators indicate turning points in market dynamics. The relative strength index (RSI) stood at 54.51, indicating moderate bullish momentum and providing room for further movement without overbought conditions.

Additionally, the directional movement index (DMI) shows that +DI is at 21.7, -DI is at 13, and the average directional index (ADX) is at 22. These numbers indicate a strengthening trend, with buyers starting to take control of the market . However, for a rally to materialize, ADX must continue to rise to confirm the strength of the trend.

Read too How to Buy Pepe (PEPE)

What about Price Action PEPE

Price action PEPE is showing a strong recovery as the token consolidates near critical resistance at the $0.00002187 (Rp 0.35) level. If PEPE manages to break this level, it could confirm a bullish breakout, paving the way for a potential rally towards $0.000030 (Rp 0.49), which is the next significant resistance.

Source: TradingView/@Erastus Chami

This symmetrical triangle breakout pattern also indicates reduced selling pressure and increased buying interest. However, if PEPE fails to cross $0.00002187, another consolidation phase is likely, which could test the support level at $0.00001682 (Rp 0.27).

Read too Complete Guide on How to Collect PEPE Tokens to Earn Maximum Profit

Conclusion: PEPE Ready to Test New ATH?

With the breakout of the symmetric descending triangle pattern, coupled with improving on-chain metrics and bullish technical indicators, PEPE is well positioned for a potential rally. 

If the token can clear the resistance at $0.00002187 (Rp 0.35), it could pave the way towards $0.000030 (Rp 0.49). Therefore, PEPE seems poised for upward momentum, provided market conditions remain supportive in the near term.

Read too 8 Reasons Analysts Are Optimistic about PEPE Coin Price

FAQ

1. What is PEPE Coin and why is it interesting to invest in?

PEPE Coin is a cryptocurrency that has demonstrated breakout potential from favorable technical patterns. With increasing on-chain activity and buying interest, PEPE is attracting the attention of investors looking for opportunities in the crypto market.

2. What is meant by a bullish breakout on PEPE?

A bullish breakout occurs when PEPE price manages to penetrate a key resistance level, such as $0.00002187 (Rp 0.35). If this happens, PEPE could rally towards a higher price level, such as $0.000030 (Rp 0.49).

3. How to monitor PEPE price developments?

Investors can monitor PEPE price developments through trading platforms and technical analysis, as well as pay attention to on-chain metrics such as the NVT ratio and number of daily active addresses to assess market interest and confidence.

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Reference

Erastus Chami, PEPE poised for a breakout: Can the memecoin rally to new highs?, Accessed January 6, 2025

Author: IN