PEPE's Bullish Momentum: Key Support Holds

Recent PEPE price charts reveal steady movement above critical support levels near $0.00000523, bolstered by sustained buying momentum.

Technical strength has fueled speculation about the potential for a bullish continuation of Pepe Coin (PEPE) price. Many traders are closely monitoring the price action, especially as they wonder if the meme coin can stage a breakout toward $0.0000105, representing a 50% increase from its current level.

Recent PEPE price charts highlight steady movement above critical support levels, at least according to analysis by experts, who note that the currency has displayed technical strength as it comes back from lows in recent times without fully surrendering its upward momentum.

“The price action has been good, as PEPE has remained well above key support levels, allowing bulls to remain in control throughout the recent period of consolidation,” a crypto expert explained.

Pepe Coin (PEPE) price is holding above the dynamic resistance of 50 EMA on the 4-hour chart.

The Relative Strength Index (RSI) remains in positive territory, indicating that there is still bullishness in place. If that continues, the price of PEPE could move towards the next resistance at $0.0000105, which is an outrageous 50% increase from its current level of about $0.000007.

For a clear bullish continuation, PEPE must break through nearby resistance levels. The PEPE price chart suggests that surpassing the $0.00000766 level could signal further upward movement.

Should PEPE break this resistance, it could pave the way for additional gains. However, if PEPE struggles to maintain support and fails to hold key price levels, bears might regain control, possibly triggering a pullback.

Despite maintaining support above $0.0000072, PEPE must overcome several minor resistance levels below $0.0000080 to regain bullish momentum.

Traders are watching these critical levels closely, especially given PEPE’s established price patterns.

“A breakout above $0.00000766 would be an encouraging sign, opening the door for PEPE to push higher toward the Fib level at $0.000009 or the round psychological price at $0.0000105,” said another market analyst.

Pepe Coin’s popularity has put it in direct competition with other big meme coins, like Shiba Inu (SHIB). While it had touched an all-time high of $0.00002825 in December 2024, PEPE’s price saw a sharp correction. However, its market capitalization and trading volume remain considerable.

At present, PEPE’s market capitalization stands at approximately $3.02 billion, which is a lot, though still lagging behind SHIB’s market capitalization of $7.51 billion.

In order for PEPE to overtake Shiba Inu, it would have to double its market cap. That would require an incredible spike in investor interest and prolonged bullish price momentum.

“The question remains: Can PEPE truly flip SHIB in market cap? While PEPE’s price trajectory suggests strong potential, it still has a long way to go before surpassing SHIB and becoming the dominant meme coin,” an expert in meme coins explained.

Pepe Coin price movements are closely tied to Bitcoin’s performance, which has historically influenced the overall market direction. If Bitcoin embarks on a bullish trend, then PEPE can follow, basing itself on the renewed optimism in the crypto space.

Some traders believe that if Bitcoin manages to break out of the bearish channel and continues its uptrend, aiming for the Fib level at around $78,618, then there is a good chance that PEPE’s price will rally towards the Fib level at around $0.000012.

However, if Bitcoin faces strong selling pressure at the Fib level and fails to break out of the bearish channel, returning to lower support, then there is a possibility that PEPE’s price will drop towards the Fib level at around $0.000007.

The long-term whale and retail investor interest, combined with sustained bullish pressure, could push the meme coin to new highs. However, a breakdown below significant support levels would be a concern for a potential downtrend.

Given the volatility of meme coins, investors must be cautious because unexpected price movements are common in this market.

“PEPE’s price action remains unpredictable, yet overall sentiment suggests that it has enormous short-term upside potential, especially if it manages to break through the Fib level at $0.00000766 and continue its ascent,” added another analyst.

With the meme coin market always shifting, PEPE’s ability to supplant Shiba Inu as the market leader is a subject of ongoing discussion. Having hit highs in December 2024, the meme coin later saw a