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▲ Pepe (PEPE)/AI-generated image ©
The possibility of memecoin Pepe (PEPE) breaking out of a long-term accumulation zone has been raised, and a scenario of up to 55x price surge is attracting market attention.
Crypto media outlet NewsBTC reported on April 21, citing technical analysis, that Pepe has entered a 'high-confluence accumulation zone'. This zone is an area where key support lines, order blocks, and fair value gaps overlap simultaneously, interpreted as a signal for large funds to build positions.
Currently, Pepe is trading around $0.0000037, maintaining a critical support zone. According to analysis, if this structure holds, strong upward pressure could accumulate, and a genuine uptrend would be confirmed if the price breaks above and settles at $0.000006.
Notably, a previous similar pattern led to approximately a 4,500% increase, and in this cycle, a potential surge of up to 55 times is being suggested. Some analysts have presented mid-to-long-term price targets ranging from $0.000028 to $0.0001.
However, this scenario is contingent on the maintenance of the key support zone. If the price falls below $0.0000017, the bullish structure itself could be invalidated. The market is currently in a phase of exploring direction, closely watching whether key resistance levels will be broken.
Recent price movements show a gradual recovery, but it remains below major resistance lines, indicating a high likelihood of continued short-term volatility. Market participants are focusing on the maintenance of the accumulation zone and breakthrough signals as key variables.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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