PEPE Finally Breaks Out Of Its 2024 Lockdown Range — 200% Rise Next? 

Pepe (PEPE) has surged 35% since Nov. 6, when Kraken added it to its crypto exchange and Donald Trump won the United States presidential election. As of Nov. 11, it was trading for as high as $0.00001345, the best since June 2024.

PEPE Breaks 2024 Symmetrical Triangle Range

A review of PEPE/USDT’s weekly chart, as depicted in the TradingView chart below, reveals a key symmetrical triangle pattern.

Since reaching a high of $0.00001725 in April 2024, PEPE has been in a prolonged period of consolidation. Its price repeatedly formed lower highs and higher lows, ultimately converging into this triangular structure.

On Nov. 11, 2024, PEPE/USDT confirmed a breakout above the triangle’s resistance trendline near $0.00001232.

A symmetrical triangle resolves when the price breaks above the upper trendline and rises by as much as the maximum triangle height when measured from the breakout point. This measurement puts the potential upside target for 2025 at approximately $0.00003900 — a 200% move from the breakout level.

However, it’s crucial to note that achieving this target depends on sustained momentum, strong buying volume, and supportive broader market conditions.

Dogecoin is Key To Pepe Price Boom in 2025

Pepe’s ongoing price boom coincides with its top-ranking memecoin rival, Dogecoin (DOGE), which has surged by over 100% since Trump’s reelection.

Traders have flocked to DOGE mainly due to hype surrounding Elon Musk’s Department of Government Efficiency, an agency aimed at managing government spending, which, interestingly, has the same acronym as the Dogecoin ticker, DOGE.

what if i told you this recent move up on $doge looks like the first impulsive wave 3 breakout coming out of a series of 4 macro 1-2’s

would you even know what that means? pic.twitter.com/v9xcWfB4BX

— Bluntz (@Bluntz_Capital) November 11, 2024

A strong performance by Dogecoin often signifies heightened retail enthusiasm for speculative, meme-driven crypto assets. If Dogecoin rallies due to a broader bull market or specific developments, such as real-world utility or adoption, it could potentially create a “spillover” effect into other memecoins like PEPE.