PEPE Holds Strong at 8,800 Support as Analysts Eye 40x Surge

• PEPE successfully retests 8,800 level, reinforcing key bullish structure.
• James Wynn sees parallels with PEPE’s past rapid price breakout.
• Current price momentum signals potential for another explosive rally.

PEPE is showing strong resilience despite ongoing market turbulence. The memecoin has maintained key support near the 8,800 level, reinforcing investor confidence. Analysts point to this zone as a critical bullish structure. Meanwhile, trading volume and renewed predictions suggest potential upside in the coming weeks.

PEPE Retests Critical Support Zone, Signals Bullish Strength

Crypto analyst Crypto Tony shared a weekly chart showing PEPE holding above the 8,800 support level. According to Tony, this area has served as a reliable demand zone since late 2023. The level first marked PEPE’s breakout point last year, and the memecoin has since performed multiple successful retests.

Despite a minor 1.17% decline, PEPE remained above $0.000008741, validating its strength at this level. Technical analysis indicates that PEPE’s ability to reclaim and consolidate above this horizontal line reinforces the ongoing bullish structure. 

James Wynn Foresees 40x Rally as Momentum Builds

Trader James Wynn, known for turning a $7,600 investment into $25 million through an early PEPE bet, has shared a new forecast. In a post to his 389,000 followers on X, Wynn predicted a potential 40x rally for PEPE. He pointed to signs of renewed market momentum and drew parallels to PEPE’s breakout in the last bear market.

Wynn noted that PEPE previously soared to a $1.6 billion market cap in just 22 days. He believes the current setup mirrors that past surge, citing similar technical conditions and sentiment. 

At the time of writing, PEPE is trading at approximately $0.00001264, showing a 1.78% increase over the last 24 hours. With strong technical support and rising social chatter, PEPE may be positioning for a new upward phase.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.