PancakeSwap&#8217;s cryptocurrency token has been performing well this spring, with its price increasing by more than 31% in the past month. While things are looking good for CAKE, the question is: How long will this last? Let’s take a look…

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&#8220;PEPE is showing strength after a clean breakout above the key resistance 
zone,” UniChartz shared in a recent post on X, highlighting a decisive shift 
in the meme coin’s short-term momentum. The breakout reflects renewed buying 
pressure as the price pushed beyond a major barrier that had previously capped 
upside moves. PEPE Finds Its Footing at Strong Confluence Zone The analyst 
further noted that PEPE is now &#8220;in the process of retesting that breakout 
level,&#8221; calling it &#8220;a classic bullish confirmation if the zone holds.&#8221; This 
retest phase is a critical moment; if bulls successfully defend the newly 
formed support zone, it could open the door for another leg higher. Overall, 
the price action suggests that bullish momentum is building, with the current 
consolidation acting as a potential launchpad for the next move upward. 
Related Reading: Pepe Makes It To Trump’s Feed—Is A Crypto Endorsement Next? 
According to UniChartz, PEPE’s price action continues to respect a well- 
established rising trendline, which has acted as reliable dynamic support over 
the past few months. This trendline has been tested on multiple occasions, 
each time resulting in a bullish reaction, a strong indication that buyers are 
stepping in during these retests. Furthermore, this diagonal support aligns 
closely with a key horizontal demand zone, forming a critical confluence that 
strengthens the overall bullish structure. As long as PEPE stays above these 
intersecting support levels, the market structure remains tilted in favor of 
the bulls. The price consolidating in this region suggests a potential 
accumulation phase, where market participants are preparing for the next move. 
Should PEPE bounce strongly from this confluence area, it could mark the 
beginning of a renewed upward leg, potentially attracting fresh buying 
interest and reinforcing positive sentiment. Such a move would confirm the 
trendline’s significance and validate PEPE’s ability to maintain its medium- 
term uptrend amid broader market uncertainty. Volume Supporting The Bullish 
Shift According to Whales_Crypto_Trading, PEPE has broken out of its 
descending channel with impressive volume, signaling a potential shift in 
momentum for the meme coin. PEPE’s breakout was backed by a notable surge in 
trading activity, indicating strong interest from market participants and 
potentially the involvement of larger players. Related Reading: PEPE Rising 
Trendline Holds Firm: A Reliable Launchpad For Price Rally The analyst 
emphasized that if the current retest of the breakout zone holds, it may act 
as a launchpad for further upside in the upcoming weeks. This kind of 
technical retest, when supported by volume, often serves as a validation of 
trend reversal and reinforces bullish sentiment. Featured image from Medium, 
chart from Tradingview.com