Pepe to hit new ATH this cycle with 350% gain

6 days agoThe chart displays a strong technical setup for PEPE (PEPE/USDT), featuring a Symmetrical Triangle formation alongside a repeating fractal pattern with hidden divergences in the RSI. Below is a detailed breakdown of the key elements and potential price targets:

1. Fractal Pattern & Hidden Divergence
• A fractal pattern earlier in the chart preceded a sharp price increase, reflecting the asset’s parabolic movement during prior bullish cycles.
• The hidden divergence seen in the RSI during that time indicated bullish momentum, with price making higher lows while the RSI formed lower lows. This was a strong precursor to the price rally, reinforcing the validity of the current fractal setup.
2. Symmetrical Triangle Formation
• The chart shows a symmetrical triangle, a classic consolidation pattern that usually results in a breakout.
• The price is currently coiling within the triangle, tightening toward the apex, signaling a potential breakout. If the breakout occurs, a substantial price movement could follow, likely to the upside due to the bullish divergences.
3. Hidden Divergence (Again)
• The RSI reveals another hidden bullish divergence, where price maintains its lows while momentum picks up. This suggests a strengthening trend that could push the price higher once the triangle resolves.
4. Fibonacci Extensions & Price Targets
• Key Fibonacci levels provide potential price targets for a breakout:
• 1.272 Fib at 220%: This is the immediate breakout target, around $0.000002485587, offering a solid potential upside.
• 1.618 Fib at 350%: This level, near $0.0000035396068, aligns with the prior fractal price peak.
• All-Time High (ATH): The ultimate bullish target is around $0.0000018024355, which could be tested in the event of a sustained breakout.
5. Price Projections
• Short-Term Outlook: PEPE is currently consolidating within the triangle. If it breaks to the upside, the immediate target would be around $0.0000018024355, which represents a 133% gain from the current price and aligns with the previous all-time high (ATH).
• Medium-Term Outlook: After reaching the ATH, the next significant target would be the 1.272 Fib extension at $0.000002485587 (220% gain). This level is crucial as it often acts as a point of resistance during breakouts and can determine the sustainability of further upward momentum.
• Long-Term Outlook: In the case of a major breakout, we could see PEPE pushing towards the 1.618 Fib extension at $0.0000035396068 (350% gain). This would mark a significant new all-time high and represents the full potential of this technical setup, especially if market conditions remain favorable for continued bullish action.

Conclusion

The combination of the Symmetrical Triangle pattern, hidden RSI divergence, and repeating fractals creates a high-probability bullish scenario for PEPE. The breakout targets include $0.0000018024355 (previous ATH), $0.000002485587 (220% extension), and $0.0000035396068 (350% extension). Watching for volume confirmation and market sentiment will be crucial to validating the breakout.