PEPE price analysis: Wynn's technical setup highlights a short-term resistance level at $0.00001000—a psychological barrier that could determine the token's next big move

Wynn's technical analysis highlights a short-term resistance level at $0.00001000—a psychological barrier that could determine the token's next big move.

The price of pepe (pepe) has hit a short-term resistance level at $0.00001000. This is a key psychological barrier that could decide the token’s next big move.

If pepe manages to pierce through this price ceiling, it could quickly rally to $0.00001050. At this level, a classic "cup and handle" pattern could develop—a well-known bullish pattern in technical trading.

A 'cup and handle' formation is a bullish chart pattern used in technical analysis. It is characterized by a "cup" in the stock's price on the left side of the chart, which shows a rounded high, followed by a "handle," which is a downward sloping portion of the chart on the right side. The 'handle' is formed as the stock pulls back slightly from its rally.

Once pepe breaks past $0.00001050 and confirms this level as support with a retest, the market momentum could build rapidly. This setup often triggers FOMO (fear of missing out) among investors, sparking more aggressive buying.

Technical Setup Signals Bullish Trend

James Wynn, a technical analyst, shared his insights on X (formerly Twitter), highlighting the current chart structure. His post suggested:

Current resistance: ~$0.00001000

Profit zone target: ~$0.00001050

Chart pattern forming: Cup and handle

Next phase: Retest and confirm $0.00001050 as support

Wynn noted, “Once we break $0.00001050, a retest will confirm the breakout. From there, momentum should escalate.” He also warned that some traders might take early profits, potentially causing short-term pullbacks before a confirmed rally.

Investor Sentiment Turns Optimistic

The broader crypto market is showing signs of recovery, with Ethereum recently crossing $1,800—fueling optimism across altcoins. According to CoinGape Media, if bullish momentum continues, PEPE could witness a surge as high as 7,220%, echoing previous explosive rallies in meme coins.

Recent price movement:

Past 24 hours low: $0.000007841

Current price: ~$0.000009086

Weekly gain: ~30%

While PEPE remains a speculative asset, the growing volume and social buzz suggest rising interest. If Wynn’s prediction holds, the next few trading sessions could be pivotal.

For traders who are following the meme coin trends, pepe’s next move may set the tone for another round of meme-driven market activity—something crypto hasn’t seen in months.