PEPE Coin Price: Analyst Sees Breakout-Retest Pattern- Will It Surge Over 230%?

PEPE Coin price has been spotlighted by pseudonymous analyst MMBTtrader, who sees a critical setup forming on the chart. His outlook centers on a decisive support level and a possible breakout–retest formation that could set the stage for a major rally. The forecast outlines both bullish and bearish pathways, with clear targets if either scenario plays out. 

PEPE Coin Price Eyes Breakout As Analyst Targets $0.00003047

The current PEPE coin trading price sits at $0.00001063, pressing against the weekly support level of $0.000010. According to him, holding this zone could unlock an easy 2x move, with the first resistance at $0.00001669 acting as the immediate barrier. 

A successful breakout and retest here would pave the way for the next target at $0.00002197. This translates to more than 200% gains from the current range. However, the final bullish target stands higher at $0.00003047, which the analyst notes as the ultimate goal if momentum extends. 

The structure shows that a confirmed breakout of the downtrend line and retest could replicate the previous pattern that sparked an extended climb. Yet, the chart also outlines a downside path: failure to hold $0.000010 support could drag PEPE Coin price back toward $0.00000600.  

Therefore, the coin’s price action remains hinged on this weekly support, which serves as the dividing line between extended recovery and corrective decline for long-term PEPE Coin price forecast. 

PEPE Coin Price Backed By NVT Spike And Positive Sentiment Shift

PEPE Coin price outlook is further reinforced by Santiment’s on-chain data, with the NVT ratio surging from 40 the prior day to 134, a jump of 235%. This sharp rise indicates improved transactional value relative to valuation, often associated with strong recoveries in top meme coins. 

Alongside, weighted sentiment has moved decisively out of negative territory hinting at renewed confidence after weeks of hesitation. Notably, these indicators serve as confirmation signals that the network is showing healthier activity compared to earlier consolidation phases. 

Importantly, combining technical levels with improving on-chain health suggests a stronger probability of the bullish case unfolding. 

However, the bearish pathway remains valid if support at $0.000010 fails, meaning risk remains part of the near-term equation. Even so, both sentiment recovery and technical structures converge to make this a decisive moment for PEPE price.

To sum up, PEPE price sits at a critical support level that will decide its next direction. An analyst maps a clear path toward $0.00003047 if resistance breaks. On-chain data shows improvement, adding strength to the bullish case. PEPE coin price might follow, but the 230% move depends on how strong buyers hold.