PEPE Gains Momentum Following Key Breakout – Is DOGE Gearing Up For A Similar Move?

Date: Thu, March 13, 2025 | 03:54 AM GMT

The cryptocurrency market is recovering after a significant sell-off earlier this week. Lower U.S. inflation (down to 2.8%) has boosted investor confidence, with Bitcoin (BTC) trading above $83K after rebounding from a 24-hour low of $80K.

Meme coins Pepe (PEPE) and Dogecoin (DOGE) are also showing strength. PEPE has surged over 17%, breaking a key technical pattern, while DOGE is up 6%, suggesting a potential breakout.

Source: Coinmarketcap

Both memecoins experienced significant declines over the past 90 days, but current market conditions indicate a potential recovery.

Pepe (PEPE)

PEPE broke out of a falling wedge pattern that had constrained its price for weeks. It surpassed the wedge's upper trendline around $0.0000063, indicating a shift in market sentiment. Currently trading around $0.0000072, PEPE shows renewed bullish momentum.

PEPE Daily Chart/Coinsprobe (Source: Tradingview)

Further upward movement could see resistance between $0.0000090 and $0.000010 (near the 50-day moving average). Breaking this level could propel PEPE towards $0.00001478 (a potential 103% increase). However, a retest of the breakout level is possible before further gains are confirmed.

Dogecoin (DOGE)

DOGE has mirrored PEPE's trajectory, trading within a falling wedge since its rejection from the $0.48 high on December 7th. Rebounding from a low of $0.14, it's now testing the wedge's upper resistance around $0.17.

Dogecoin (DOGE) Daily Chart/Coinsprobe (Source: Tradingview)

A confirmed breakout with a successful retest would place resistance between $0.22 and $0.24 (near the 50-day moving average). Surpassing this could lead to a rally towards $0.2862 (a potential 67% increase). Failure to break out might see DOGE remain within the wedge, potentially retesting lower support levels.

Final Thoughts

PEPE's breakout suggests bullish continuation, while DOGE is at a critical juncture. If DOGE follows suit, significant gains could materialize. Investors should carefully monitor price action, trading volume, and macroeconomic factors before making investment decisions.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before investing in cryptocurrencies.