The Pepe (PEPE) meme coin is hovering on the edge of what could be a significant bullish breakout

After weathering a sell-off triggered by economic uncertainty—exacerbated by Trump's planned tariff escalations—PEPE has rebounded

The Pepe (PEPE) meme coin price is hovering on the edge of what could be a significant bullish breakout, potentially propelling it back into the "best crypto to buy" conversation.

After being battered by a sell-off that was triggered by economic uncertainty—and exacerbated by Trump’s planned tariff escalations—PEPE has shown signs of resilience, bouncing back to recently test highs of $0.0000078 before pulling back 1.79% today.

But as the crypto slides, a double-digit breakout is in sight, which could push PEPE toward a major price surge.

PEPE Price Analysis: Could a 175% surge be on the horizon?

According to CoinGlass data, PEPE’s long/short ratio peaked this month at 1.04, slipping to 0.99 today—a sign that bullish sentiment is holding but isn’t overwhelmingly strong. A ratio above 1 indicates that more traders are placing bets on price increases.

Currently, PEPE is flirting with a critical confluence zone, where multi-month resistance meets long-term support—a level that has guided the coin’s lows since mid-2024.

This confluence is rendering a triple threat of support, making it a crucial point for traders to watch.

Moreover, PEPE’s price has been following a falling wedge pattern since early December, a setup often associated with bullish reversals. If this support holds, a breakout could push PEPE toward:

$0.000015 (April highs) – a 55% gain

$0.00002 (pattern target) – a 175% surge

Technical indicators signal bullish potential

MACD Strength: The Moving Average Convergence Divergence (MACD) indicator remains above the signal line, having avoided a death cross—a bullish sign suggesting dominant buying pressure.

RSI Recovery: The Relative Strength Index (RSI) is trending upward toward neutral 50, after being stuck near oversold levels since early February. This indicates a shift in momentum toward the bulls.

However, while PEPE’s technical setup is promising, the bullish signals remain relatively weak for now.

A sustained breakout will likely require higher trading volume and stronger buying pressure. The broader market remains weighed down by FUD (fear, uncertainty, doubt) stemming from macroeconomic concerns, making it harder for meme coins to gain traction.

As traders search for the next big breakout, one new project is capitalizing on the meme coin + AI narrative—MIND of Pepe ($MIND).

The MIND of Pepe AI is designed to interact with the crypto community on X (Twitter), engage in conversation, and uncover hidden gems, delivering exclusive, token-gated insights and forging strong relationships with major projects.

Inside its Telegram community, members gain early access to high-potential tokens before they hit the market, fostering an environment of collective learning and discovery.

Having already raised over $7.8 million in its presale, MIND is emerging as a promising project that's putting a spin on the Pepe brand with an integration of AI-driven trading intelligence.