PEPE Price Eyes Breakout as Trading Volume Surges Toward a Critical Resistance

• PEPEs price movement reflects past election rallies, hinting at a breakout as it tests key resistance levels.
• Rising trading volume shows stronger investor interest, signaling a possible trend shift if resistance is broken.
• A breakout above the trendline could drive gains, while rejection may keep PEPE stuck in its current range.

The PEPE/USDT market is approaching a decisive phase as price action tests key resistance levels. Recent developments point to a potential breakout from the prolonged downtrend, with increasing buying pressure suggesting a shift in sentiment in the coming days.

Breakout Scenario and Key Resistance Levels

According to an analysis by Daan Crypto Trades on X, PEPEs price movement mirrors other tokens that surged post-election before pulling back. The coin initially spiked during the “Election Rally,” peaked between December and January, and then experienced sharp consecutive declines before stabilizing.

Source:Daan Crypto

Now in a consolidation phase, PEPE is forming a potential accumulation zone. He notes that the cryptocurrency remains below a declining trendline, which also acts as resistance. To break above here would push prices to $0.000011, $0.0000144, and $0.000017.

Daan also points to growing trading volume as a strong signal of an impending breakout. He explains that increased activity indicates rising investor confidence, which could fuel further gains. Additionally, PEPE is nearing a key moving average that has repeatedly acted as resistance. A breakout above this level would add further confirmation of bullish momentum.

Market Momentum and Potential Outcomes

Observing the market behaviour, Daan emphasizes that historical patterns suggest a breakout could trigger a strong rally. He notes that rising volume and price action near key resistance levels resemble previous bullish reversals indicating a possible shift in market dynamics.

Market strategist Marcus Corvinus supports this outlook, adding that volume trends align with past breakout patterns. He suggests that if buyers maintain momentum and push through resistance, PEPEs price could see heightened volatility and further gains.

Source: Marcus Corvinus

But he warns that not breaking this level can lead to more consolidation. The next trading sessions will be crucial in determining whether PEPE goes into a bullish trend or remains range-bound, awaiting stronger market drivers.