Date: Mon, June 30, 2025 | 06:10 PM GMT
The cryptocurrency market is making a steady recovery as Ethereum (ETH) has rebounded sharply, jumping over 9% in the last 7 days and currently trading around the $2,480 mark. This renewed strength in ETH has revived positive momentum across major memecoins .
Among them, Pepe (PEPE) is back in the green, and it appears to be forming a familiar fractal structure—one that may be signaling the beginning of a much larger upside move.
Source: Coinmarketcap
Familiar Fractal Signals Major Rally Brewing
A recent chart shared by analyst JAKE highlights a potentially explosive setup on the 5-day timeframe for PEPE. The chart shows that PEPE is once again bouncing off the lower green boundary of its long-term ascending channel—precisely where its previous bull run began.
Back in late 2023, PEPE formed a similar structure: a Break of Structure (BoS) at mid-level resistance, followed by a rally from the lower support zone. That move resulted in a staggering 870% surge, peaking near $0.00001528.
Now, fast forward to mid-2025, and PEPE is trading around $0.00000946 after another bounce from the same green zone. The same BoS structure has appeared, and the pattern suggests that if momentum builds, PEPE could climb back toward the red “TOP” zone of the channel.
What’s Next for PEPE?
For this fractal to continue playing out, PEPE must hold support above the current buy zone and reclaim the Break of Structure (BoS) along with the previous local high. A decisive breakout above $0.000028 would act as a strong bullish confirmation and could ignite a rally toward the key Fibonacci targets at the 0.618 and 1.0 levels—which remain over 550% higher from current price levels.
However, if PEPE slips below the buy zone and fails to defend the lower green boundary of the ascending channel, the fractal setup could be invalidated, potentially leading to further downside or a longer period of consolidation before the next major move.
