Date: Tue, July 29, 2025 | 05:50 AM GMT
The cryptocurrency market is seeing volatility after Ethereum (ETH) tested its multi-year resistance around $3,940 before pulling back to $3,800. This dip has weighed on major memecoins, with Pepe (PEPE) sliding 9% today, trimming its monthly rally to 25%.
However, beneath this correction, a bullish fractal pattern is taking shape — one that strongly resembles the explosive breakout structure recently seen in PENGU.
PEPE Mirrors PENGU’s Breakout Setup
A side-by-side comparison of PEPE and PENGU’s daily charts reveals an almost identical trajectory.
PENGU, after forming a falling wedge — a textbook bullish reversal pattern — successfully reclaimed its 50-day and 100-day moving averages. These levels became a springboard, allowing PENGU to consolidate between key support and resistance (red and blue zones) before triggering a massive 172% multi-leg rally.
Now, PEPE appears to be following the same script.
Like PENGU, PEPE has broken free from its falling wedge and reclaimed both its 50-day and 100-day moving averages. The token is currently consolidating within the red resistance zone, resting just above crucial moving average support — precisely the point where PENGU built strength before its breakout surge.
What’s Next for PEPE?
If this fractal plays out, a bounce from current levels and a breakout above the red resistance zone could set the stage for PEPE’s next leg higher, with potential to target $0.000040 — a move that mirrors PENGU’s 170% rally from similar conditions.
However, confirmation is key. A decisive move above the red zone is needed to validate this setup. On the downside, a drop below the moving average support at $0.00001129 would invalidate the pattern and signal more weakness ahead.
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