PEPE Coin Price Ready for an Upsurge After Recent Breakout?

PEPE coin price is exiting a consolidation signaling that the asset will begin an upward trend. The memecoin recent breakout from the symmetrical triangle indicates that it may be gearing up more bullish moves.

Technical indicators suggest growing buying pressure, and traders are closely watching key resistance levels for confirmation of a sustained rally.

PEPE Coin Technical Indicators Signal Strengthening Momentum

Currently, PEPE/USDT is at $0.00000990, down by 2.46% in the last trading session. The price has been consolidating after a recent downtrend, with traders closely watching for signs of a potential recovery.

Golden Cross has formed where the 13 moving average is moving above 49 moving average. This crossover is termed as a bullish crossover especially if accompanied by high volumes, which form a signal that the market is bullish.

At the moment, the Relative Strength Index (RSI) is 52.91. It’s just above the middle level of 50 which suggests a slight build up towards buying pressure. If the RSI climbs above 60, then this will be an indication of even more significant buying pressure and increased propensity of a price breakout.

The MACD is  also signaled towards bullish crossover as the MACD line is closest to cross above the signal line. If MACD would be positive further bullish buying signal could also be confirmed by a histogram which is above the zero line.

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According to the market analyst Ali, the weekly chart presents the formation of a buy signal in the TD Sequential, which is an indication of a potential exhaustion of the bearish trend and a bounce.

The TD Sequential identifies trend reversals by marking a series of nine consecutive bearish candles, which can indicate that selling pressure is weakening.

Key Support and Resistance Levels to Watch

Traders are keeping an eye at $0.00000900 as it has been depicted as a critical level of support in the past few sessions. If PEPE sustains this level it will open room for further potential up swing. Sustained moves below $0.00000900 may lead to further selling pressure that will possibly take the price down to $0.00000830.

On the upside, the first level of resistance is at $0.00000999 which is a psychological level that can help in the confirmation of the bullish trend. If the price closes above $0.00001050 then it might turn into an upward trend. The next major resistance sits at $0.00001250, which could become the target if bullish momentum strengthens.

According to the current market trends, the price of PEPE may rise as high as $0.00002971 by the end of March 2025. However, Fear & Greed Index is at 44 meaning that the markets are still slightly in the fear territory. It has had 13 ‘green days’ in the past 30 trading days, which points to more fluctuations and at the same time, more attention from the traders.