Pepe's Price Soars by 70% Following Phoenix Rising Pattern
Howdy! Let's talk about the current situation with the PEPE coin. According to a popular crypto analyst – let's call him Big John – PEPE has been displaying a textbook "Phoenix Rising" pattern, which suggests a potential massive surge might be imminent. This pattern, if you ain't familiar, indicates an exceptional upside opportunity for the meme coin, currently trading at a relatively low price, with significant momentum.
PEPE: Ready to Soar like a Phoenix?
Big John highlighted this pattern in a post on TradingView. He asserts that, given the meme coin's current trading position, it looks primed for a significant recovery rally, targeting historical resistance.
Big John also mentioned that the bottoming pattern for the PEPE coin has essentially been completed, which strengthens the bullish outlook for the meme coin. He pointed out that after a long slide from January 2025, PEPE formed a perfect bottoming pattern with key components.
One of the critical components for PEPE is the accumulation channel formation, where smart money sequestered positions between $0.000005 and $0.000008 during the March-April base-building phase. Another key component is the Channel Breakout confirmation, which Big John noted indicates institutional investment, signified by the recent green candle with expanding volume.
The third key component is the historical supply zone, which Big John said is crucial in the $0.0000175 to $0.0000185 range. This zone acted as support for the meme coin's price before the January breakdown.
Big John's 66% Upside Play on PEPE
Based on these bullish technicals, Big John predicted a 66% surge for PEPE coin in three phases. The first phase will consist of a consolidation period after the initial breakout rally, forming a higher low around $0.00001033, providing an ideal risk-reward opportunity.
Next, the coin will create a series of higher highs and higher lows as it climbs through previous resistance levels. After that, there will be a final push toward the $0.00001715 take-profit target – a 66% rise. Big John explained that these setups make this move "extraordinarily compelling."
The main factors supporting this prediction are the volume confirmation, the historical context, and the macro alignment. The breakout candle shows 5.50% gains on expanding volume – a textbook sign of genuine price movement. The pattern in the current price structure mirrors the bottoming pattern seen in early 2024, before the coin's previous rally. Lastly, this movement aligns perfectly with the estimated decline in Bitcoin's dominance, creating ideal conditions for the meme coin to outshine.
At the moment, the PEPE coin is trading around $0.00001427, up over 9% in the past 24 hours, according to CoinMarketCap.
Investing in PEPE could provide an exceptional upside opportunity, as Big John's analysis suggests a potential 66% surge for the meme coin, following a series of bullish technical indicators. Key components of this pattern include the accumulation channel formation, Channel Breakout confirmation, and the historical supply zone.
