Despite a recent sharp correction, PEPE, a popular meme token, has shown resilience and is currently trading at $0.00001104. The cryptocurrency has experienced a 62% retracement but is still aligned with its long-term ascending trendline, which has acted as a strong support level in the past. Previous corrections have been followed by explosive recoveries, and traders are eyeing the potential for another recovery. If the trendline holds, PEPE could target previous highs near $0.000028, with a new all-time high in sight. Renowned analyst CryptoJack has identified a bullish wedge pattern and predicts a breakout that could drive PEPE past its previous all-time high, potentially yielding a 155% upside. Another analyst, Max, highlights a resemblance between PEPE's current price structure and its chart from Q1 2024, suggesting the possibility of a monumental breakout if certain levels are breached.



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