PEPE Price Prediction for May 11

The PEPE price today is trading near $0.00001345 after a sharp 65% surge since May 8. This powerful upside move has flipped multiple resistance zones into support and comes amid broader meme coin strength and renewed risk-on sentiment in the crypto market. The PEPE price action has now confirmed a breakout above its descending trendline on the daily chart, signaling the end of its multi-month downtrend that began in February.

What’s Happening with PEPE’s Price?

The rally was triggered after PEPE reclaimed the $0.00000900 zone and invalidated previous lower highs on strong volume. Price is now testing the key resistance zone around $0.00001450, which aligns with the 0.5 Fibonacci retracement level drawn from the November 2023 swing high of $0.00002836 to the January 2024 low of $0.00000602.

This surge also marks one of the strongest PEPE price spikes since late 2023, drawing attention from both short-term traders and long-term meme coin holders.

PEPE Price Update: Trend Reversal Confirmed

On the 4-hour chart, PEPE broke out of a bullish wedge near $0.00000850 on May 8, followed by a clean retest and impulsive rally above $0.00001000. The current structure shows consistent higher highs and higher lows, with price hovering just below the upper Bollinger Band and well above all major EMAs (20/50/100/200), signaling strong momentum.

The RSI is currently at 71.7 — flirting with overbought territory — but the MACD remains firmly bullish, with no bearish crossover yet. PEPE price volatility remains elevated, with the 30-minute chart displaying consolidation just below $0.00001350, suggesting a potential pause or flag formation before the next leg up.

Meanwhile, the weekly Fibonacci retracement shows that PEPE has reclaimed the 0.618 level at $0.00001120. This level now acts as immediate support, while the 0.5 level at $0.00001482 and 0.382 at $0.00001758 serve as upside targets.

Why PEPE Price Going Up Today?

The breakout from the long-standing downtrend channel and surge through historical supply zones has reenergized bullish sentiment. Why PEPE price going up today can be largely attributed to a combination of technical breakout structures, meme coin rotation from FLOKI/DOGE into PEPE, and accelerating social volume. Volume expansion and trendline break confirmation from both the daily and 4-hour charts offer textbook reversal signals.

However, short-term caution is warranted, as the Stochastic RSI and Bollinger Bands suggest overextension. A minor pullback to $0.00001260–$0.00001220 remains possible if the bulls fail to hold momentum above $0.00001350.

PEPE Price Prediction for May 11

If PEPE price can sustain above the $0.00001260 pivot, continuation toward $0.00001450 and $0.00001480 remains likely. A breakout above $0.00001500 would open the door toward the key 0.382 Fib level at $0.00001758. On the downside, losing the $0.00001200 support could lead to a retest of the $0.00001120 breakout zone, though structure remains bullish unless price breaks back below $0.00001050.

PEPE Forecast Table