• PEPE surged 26%, reaching $0.000026 and ranking 20th in cryptocurrency.
• Whale activity, new investors, and Ethereum ecosystem inflows drive PEPE’s momentum.
• A cup and handle pattern signals potential breakout toward $0.000030 with strong support.

Pepe (PEPE) has taken the crypto world by storm with a 26% price surge this week. Trading at $0.000026, the meme token now holds a market cap of $10.9 billion. This surge has propelled PEPE to become the 20th largest cryptocurrency, overtaking Uniswap and Litecoin. A cup and handle pattern has formed, signaling a potential breakout. Could this be the start of something massive for PEPE?

What Drives PEPE’s Recent Rally?

Several factors fuel PEPE’s incredible momentum. Speculation about SEC policy changes under the Trump administration has drawn attention to Ethereum-based projects, benefiting PEPE Over 13,000 investors joined the market in three days, showing growing interest in the token.

Large token purchases by whales signal institutional confidence in PEPE’s potential. These factors have created a perfect storm, driving excitement and optimism among traders and investors alike.

PEPE’s Cup and Handle: What Do the Charts Show?

Technical analysis points to a bullish trend for PEPE. The Keltner Channel shows strong upward momentum, with prices riding the upper band. The Bull Bear Power indicator confirms buyer dominance, with green bars increasing steadily. Analysts predict the next price target at $0.000030, with support near $0.00002136.

The cup and handle pattern adds to the excitement. This formation is a classic indicator of a potential breakout, suggesting PEPE could shatter resistance levels soon. If this rally continues, PEPE may climb to new heights and draw even more attention.

PEPE’s rise combines hype, solid fundamentals, and technical strength. Investors are watching closely, hoping this meme token can deliver on its promise of massive gains. The future looks bright, and PEPE’s cup and handle could be the catalyst for another explosive run.

The post PEPE’s Cup and Handle: Is a Breakout on the Horizon? appeared first on Crypto News Land.

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