Is PEPE Coin Ready to Explode? Chart Analysis Highlights Potential Breakout

Data indicates a potential breakout for the PEPE cryptocurrency, with significant bullish signals emerging on both hourly and daily charts. After consolidating near key support zones, PEPE is showing signs of reclaiming lost ground, fueled by strong market momentum. The hourly chart highlights a clear structure of higher lows and higher highs, while the daily chart showcases a fresh bounce from the 50-day SMA after completing a retracement. This bullish trend is supported by an active golden cross from early May when the 50-day SMA crossed above the 200-day SMA, a long-term bullish indicator. The recent rebound is confirmed by a green candle on the daily chart, reclaiming short-term downtrend resistance.