- Raydium (RAY) gained 29% weekly after breaking out of a double bottom pattern and successfully retesting the $2.16 neckline, delivering 45% gains from the breakout point.
- PEPE has broken out from its double bottom neckline at $0.0000092 and is currently retesting this level, following a similar pattern to RAY's recent performance.
- If PEPE continues to mirror RAY's fractal pattern, it could rally toward $0.000014, representing a potential 60% upside from current levels.
- Both tokens show similar technical indicators with bullish MACD crossovers and prices above their 50-day moving averages, suggesting continued momentum.
Date: Mon, April 28, 2025 | 06:55 PM GMT
In the cryptocurrency market over the past three weeks, major tokens are starting to show signs of recovery after enduring sharp corrections since the start of the year. Among them, Raydium (RAY) has come into the spotlight with an impressive weekly gain of 29%, fueled by a major technical breakout and retest on the daily timeframe.
Meanwhile, Pepe (PEPE) is also back on the green track with a 13% surge and is flashing a very similar setup to RAY’s recent breakout, suggesting that a short-term rally could be just around the corner.
RAY and PEPE Fractal Analysis
As shown on the left side of the chart, Raydium (RAY) recently broke out of a classic double bottom structure, piercing through its neckline around the $2.16 level. After a clean retest of the breakout zone, RAY kickstarted a strong rally, delivering about 45% gains from the breakout point.
Now, if we look at the right side of the chart, Pepe (PEPE) seems to be following almost the exact same pattern. PEPE has broken out from its double bottom neckline at approximately $0.0000092 and is currently in the process of retesting this level — very similar to what RAY did before its big move upward.
If PEPE continues to mirror RAY’s recent fractal, we could see it rally toward the $0.000014 zone — representing a potential 60% upside from its current price.
What’s Ahead?
Adding even more strength to the fractal similarity, the 50-day Moving Average and MACD indicators on both charts are also aligning.
- For RAY, the breakout was supported by a bullish MACD crossover and a price reclaim above the 50D MA.
- PEPE is now showing a very similar MACD bullish crossover, and its price is hovering just above the 50D MA as well.
If momentum holds, PEPE could be setting up for a strong rally in the coming days or weeks, with the key breakout and retest.
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