Pepe coin (PEPE) is back in the spotlight, rallying toward a key $0.000011 breakout as bullish momentum strengthens and crypto enthusiasts rekindle interest in the popular meme token.
After reclaiming critical support levels, PEPE is showing renewed strength in trading activity, with market sentiment turning increasingly positive. Analysts suggest that the token could attract both short-term traders and long-term investors in meme coins.
PEPE Reclaims Momentum
The meme coin market has been heating up, with PEPE emerging as one of the most active coins in recent trading sessions. According to trader Anasta, PEPE has successfully reclaimed the $0.00000980 support zone. This area now serves as a stable base for the token’s latest upward move.
$PEPE rises 4.4% to $0.00001028, reclaiming $0.0000098 support and eyeing $0.000011 potential. Source: Anasta on CoinMarketCap
Currently, PEPE is trading around $0.00001028, marking a 4.47% increase over the past 24 hours. The rally reflects strong buying interest, as the token regains traction among retail investors and the cryptocurrency community.
Chart Analysis: Bulls in Control
Technical indicators suggest that bulls are firmly in control. The 4-hour PEPE/USDT chart shows a surge from $0.00000982 to a high of $0.00001043, confirming a solid breakout pattern.
PEPEUSDT shows a fresh breakout with strong support and renewed meme-driven momentum. Source: FX Professor on TradingView
Key resistance is observed between $0.00001050 and $0.00001100, while support remains firmly at $0.00000980. Trading activity has intensified, reinforcing the bullish sentiment and indicating that buyers are stepping in at strategic levels.
PEPE’s price action is showing higher highs and higher lows, a classic sign of bullish control, and maintaining above the $0.00001065 EMA could support a continued rally in the near term.
Market Drivers Behind the Rally
Several factors are driving PEPE’s recent price surge. Increased trading volumes across meme coins have fueled market interest, while community-driven momentum continues to play a crucial role in the token’s volatility.
Data from CoinMarketCap shows PEPE’s market cap surpassing $4.5 billion after reclaiming its 20-day EMA at $0.0000108 and the 50-day EMA at $0.00001065. Such developments suggest a strengthened short-term outlook and renewed investor confidence.
Pepe Price Prediction: Chart at a Make-or-Break Level
The daily chart indicates PEPE closing within a huge symmetrical triangle. Such a pattern has a tendency to result in a large price movement, either way.
Resistance in the near term is $0.000022, with support at $0.0000065. Technicals also forecast upside: the RSI is 54.8, slightly bullish, and the MACD is coming off a bullish cross just below the zero line.
PEPE rebounds from $0.00001014, eyeing $0.00001080–$0.00001170 amid high volatility. Source: Pepe Whale via X
If PEPE can break above the triangle’s upper trendline and surpass the $0.000022 resistance, a parabolic rally toward $0.000096 could be on the horizon; conversely, losing EMA support might trigger a sharp decline toward $0.0000065.
Will PEPE Skyrocket?
Investors and traders are closely watching PEPE’s next move. Holding above $0.00001065 could pave the way for further gains, potentially reaching $0.000011 and beyond.
However, as with all meme coins, volatility remains high. A bearish scenario could see a significant sell-off if resistance levels hold or support fails to sustain.
PEPE is at a make-or-break stage, with the next few sessions likely determining whether it enters an extended rally or faces a sharp correction.
Final Thoughts
With strong support momentum, rising trading volumes, and growing positive sentiment, Pepe coin (PEPE) is positioning itself for a potentially thrilling upward move. The token’s renewed strength suggests that both short-term traders and long-term meme coin enthusiasts could benefit from keeping a close eye on its price action.
Pepe was trading at around $0.00001046, up 2.47% in the last 24 hours at press time. Source: Brave New Coin
Investors should monitor key resistance and EMA levels closely, as these will likely signal whether the breakout can sustain momentum. At the same time, caution is warranted, given the inherent volatility and rapid swings common in meme coin markets.