Popular crypto analyst Ameba posted on X that Pepe (PEPE) recently broke above a downward trend line, signaling a potential price surge. This bullish signal indicates that the downward momentum is weakening, and buyers are gaining strength, which could lead to further price increases if PEPE reclaims its moving average.

The breakout of Pepe Coin above the trend line is a positive indicator for investors, suggesting that the market sentiment is turning bullish. If the price continues to rise past the moving average, it could attract more traders and investors, driving up the value of PEPE. This scenario underscores the importance of technical analysis in predicting market movements and making informed investment decisions