Date: Sun, June 29, 2025 | 04:15 AM GMT
The cryptocurrency market is showing renewed signs of strength as geopolitical tensions ease, particularly after a de-escalation in hostilities between Israel and Iran. Ethereum (ETH), often a bellwether for memecoins, has rebounded sharply from its recent low of $2,113 and is now trading around the $2,425 level.
Amid this broader recovery, meme coin Pepe (PEPE) is beginning to turn heads. While many memecoins are moving modestly higher, PEPE appears to be forming a more significant technical structure—one that may be signaling the start of a much larger move.
Source: Coinmarketcap
Familiar Fractal Signals Major Rally Brewing
A comparative chart analysis shared by market analyst Max reveals a compelling fractal pattern developing across ETH, BTC, and PEPE. On the left side of the chart, both ETH and PEPE are forming consolidation bases with relatively flat price action—suggesting accumulation and reduced volatility.
PEPE-ETH-BTC Fractal Chart/Credits: @MaxBecauseBTC (X)
These patterns closely resemble those seen on the right side of the chart, where both BTC and PEPE previously broke out into strong rallies in early 2024 following similar setups. In particular, PEPE’s historic surge followed a breakout above a long-term descending trendline, a technical move that seems to be setting up once again in its current price action.
What’s Next for PEPE?
Should PEPE break decisively above its current descending trendline resistance, it could confirm the beginning of a new bullish cycle. If the fractal continues to play out as it did in the previous cycle, PEPE might target a move back toward its former all-time high near the $0.0000028 range.
While meme coins are known for their volatility and speculative nature, the presence of a recurring technical pattern during a broader market recovery is a development worth watching closely.
