Analyst Spots Bullish Setup On PEPE Coin, 0.00001400 Next?

After an explosive rally in late 2024, PEPE reached a new all-time high at $0.00002825. However, the momentum soon faded, and the meme coin has since retraced by nearly 69% from its peak. Despite this, recent market action and an optimistic PEPE price prediction suggest that the meme coin is far from finished.

Earlier this month, PEPE touched a low of $0.000005785 but quickly rebounded, achieving a monthly gain of 10%. Over the past seven days alone, it surged by 20%, with the price currently hovering around $0.000008835 after a 3.19% intraday rise.

Analyst Wynn highlights two major resistance levels traders are monitoring: $0.00001000 and $0.00001050.

The $0.00001000 mark acts as a psychological barrier, while $0.00001050 is seen as both a technical resistance and a short-term profit-taking zone. Wynn describes this area as a "shakeout" zone where volatility is likely as traders lock in gains.

However, Wynn remains optimistic. He anticipates any retracement near these levels will be short-lived, expecting a recovery that could see PEPE convert previous resistance into support. A clean breakout and retest of $0.00001050 would signal a bullish re-entry point, setting the stage for a potential parabolic rally.

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If momentum holds, Wynn projects the next major target at $0.00001400, aligned with the 0.382 Fibonacci level. This bullish outlook is further supported by recent whale activity, including a $4.28 million accumulation by wallets tied to Tornado Cash, hinting at growing institutional interest.

With retail excitement returning and technical structures aligning, PEPE could soon be on track for another impressive breakout.