By Nermeen Nabil Khear 
Pepe (PEPE) has gained 0.8% in the past 24 hours, and while its recent performance has been underwhelming, a key bullish pattern in its 4-hour chart suggests a potential price surge.
An inverse head-and-shoulders formation has taken shape in recent days—a classic reversal setup where a lower low is followed by a higher low.
This signals weakening selling pressure, as bears fail to push the price back to previous lows, giving buyers confidence to step in.
Like the broader meme coin market, PEPE has faced significant turbulence since its December highs, with its value nearly halving since the start of the year. However, with this bullish pattern forming, traders may be eyeing a potential breakout in the near term.
PEPE Could Rise by 100% if This Bullish Pattern is Confirmed
In 2024, PEPE was one of the best-performing meme coins as it delivered gains of over 1,500%.
However, the Federal Reserve’s decision to pause interest rate cuts amid fears that inflation in the U.S. could spiral out of control once again have depressed the mid-term outlook for assets in this category.
In the past 30 days alone, meme coins have experienced a 22.8% retreat, and their combined market value currently sits at $69.9 billion, according to data from CoinCodex.
PEPE’s dominance currently stands at 5.9% and is the third most valuable meme coin at the time of writing.
This makes it a perfect candidate for recovery as community support continues to be robust despite its latest weakness.
In the daily chart, PEPE also exhibits bullish signals as the price has broken a falling wedge pattern that could propel its price by as much as 100% in the next few weeks if momentum continues.
The Relative Strength Index (RSI) has moved above the signal line for the first time since late January while the MACD has posted its first positive reading in the past 30 days or so.
If positive momentum picks up and PEPE breaks above the $0.000014450 – its most relevant short-term resistance level at the time – this could result in huge gains for this meme coin.
One possible catalyst for such a move would be the approval of a meme coin exchange-traded fund (ETF).
Bitwise has already filed the paperwork needed to list a spot vehicle for Dogecoin (DOGE). If approved, the price of meme coins could rise as it would be a pad in the back for the entire category.
If meme coins recover as expected, MIND of Pepe ($MIND) will likely experience significant inflows as the AI agent token enters the first month of its wildly successful presale.
MIND of Pepe ($MIND) Raises an Average of $200,000 Per Day to Launch its AI Agent
The MIND of Pepe ($MIND) presale event is rapidly becoming one of the most successful ICOs of the year as the project has raised $6 million in less than a month to launch a powerful AI agent that could overshadow the success of its predecessors.
The popularity of AI agent tokens like AIXBT and ai16z have paved the way for MIND of Pepe to enter the market with a more robust value proposition that involves monetizing the insights the AI agent collects as it builds its social media presence.
Initially, MIND of Pepe will engage in interesting debates with key figures across platforms like X to gain popularity.
As its number of followers grows, $MIND holders will receive exclusive insights into profitable social trends and first-row seats in token offerings created by the AI agent.
To buy $MIND, head to the MIND of Pepe website and connect your wallet (e.g. Best Wallet).
You can purchase using ETH, USDT, or BNB, or opt for a bank card to complete your purchase.
The post PEPE Holders Get Ready – Bullish Reversal Pattern Hints at a Big Price Surge appeared first on Cryptonews.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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