PEPE’s Breakout Potential: Charts & Indicators Suggest Upside Momentum

The meme coin PEPE is poised for a potential breakout, with bullish technical signals and on-chain data aligning to indicate strong upward momentum. Short-term holder growth and Market Value to Realized Value (MVRV) ratios point towards increasing market demand and the possibility of reaching new all-time highs. Analysis by Chandler Charts suggests that PEPE is completing a bullish pennant pattern, trading around the 61.8% Fibonacci retracement level. This confluence with tightening moving averages, above 50 and 200-day levels, could trigger a breakout.