Renowned crypto analyst James Wynn recently forecasted Pepe Coin (PEPE), a frog-themed meme coin, to go on a massive jump to as high as 88,530%. Wynn’s analysis, posted on X, indicates a bullish technical setup that might see PEPE break out. Crypto traders and investors are practically dancing in the streets over the bullish prediction. PEPE has pumped a massive 15% in a single day! Since reaching that peak price, PEPE’s price has stabilized around $0.000009 as of April 23, 2025. According to Wynn, the cryptocurrency is building momentum for an imminent bullish breakout but must first reclaim a critical resistance point.

Bullish "Cup and Handle" Pattern Emerges

Wynn's analysis highlights the formation of a "Cup and Handle" pattern in PEPE's price chart. This formation is known as a bullish continuation pattern in technical analysis, which foreshadows a possible longer-term move upwards. The “Cup and Handle” is a unique price pattern that you can visually identify on any stock chart. It’s shaped like a cup with a handle—the cup part is a drop in price and subsequent recovery, and the handle portion is a short consolidation.

This trend ends up standing out to the analyst as a promising pattern in PEPE’s movement. If it manages to pass through the resistance level of $0.00001-$0.00001050, huge price surge awaits! Since the beginning of the Asian trading day on Wednesday, PEPE’s price has jumped. This big jump goes a long way to solidifying the rosy picture.

Wynn’s insights and projection for Pepe Coin attracted coverage from Pintu News and Coingape. This type of coverage makes enormous expectations for the effect of his knowledge on the market. More importantly, the reports highlight the increasing popularity of technical analysis as an important art and science for predicting cryptocurrency price movements.

Key Resistance Level and Potential Retest

Wynn highlights the area between $0.00001 and $0.00001050 as a key level of resistance that PEPE needs to flip to support in order to solidify the bullish breakout. An actual breach at this magnitude would likely result in an immediate price pump. This would cause a speculative bubble to form, enticing even more investment, pushing the price even higher.

Wynn anticipates a potential pullback after the breakout, where the price may retest the broken resistance level as new support. The retest would reiterate how strong the breakout is and set up a strong base for some more upward action.

"After that, we should see the price quickly rise back towards the key resistance level at $0.00001050, break it, and then fall back down to retest and confirm the breakout." - James Wynn

According to the analysis above, Pepe Coin’s upcoming profit-taking zone is about $0.00001050. Indeed, investors will no doubt choose to lock in these profits through this range.

Market Anticipation and Future Outlook

The excitement about Wynn’s prediction has brought new hope into the Pepe Coin market. With many crypto traders and investors watching PEPE’s price movements, they’re ready to pounce on the potential breakout.

The combination of a bullish technical pattern, a key resistance level, and positive market sentiment suggests a potentially bright future for PEPE. As with all cryptocurrencies, investors must always proceed with caution and do their own research before investing.