PEPE Price Surge Re-enters the Crypto Spotlight with a 17% Breakout

The live price of PEPE is $0.000008498, and this leap brought PEPE to test the $0.0000090 mark, a level not seen since early March

After spending weeks consolidating and slowly building bullish technicals, the PEPE price showed signs of breaking out of its recent trading range on Monday morning.

The meme coin rose as much as 17% to test the $0.0000090 mark, a level not seen since early March. This brought it within striking distance of key Fibonacci extension targets at $0.0000094 and $0.0000101. A breakout through these levels would complete a classic “cup and handle” pattern, setting the stage for a move toward $0.00001, according to technical analyst James Wynn.

Rising trading volumes and technical breakouts signaled that the meme coin could be setting up for a final push. This had some investors taking a second look at PEPE, which they may have written off as just another meme token.

The live price of PEPE today was up around 12% at $0.0008498.

What Triggered the Recent PEPE Price Surge?

PEPE’s recent momentum stemmed from a classic ascending triangle breakout, a bullish chart pattern that often signals the end of a correction phase.

Analysts pointed to the $0.0000057 level as the bottom of this structure, from which PEPE reversed sharply. This pattern, combined with bullish divergence on the RSI, confirmed the weakening of selling pressure and marked the beginning of a new wave.

The meme coin broke out of a descending channel shortly after, showing a renewed appetite among buyers. While meme coins often move on hype alone, PEPE combines community energy with solid technical setups, making the current price surge more credible.

Is the PEPE Bullish Chart Telling a Bigger Story?

The recent climb had also aligned with technical indicators that suggest this isn’t just noise. The PEPE bullish chart shows the token trading above its 50 EMA, a sign that the medium-term trend may be positive. The RSI has soared above 80 on shorter timeframes, showing strength, though some caution is advised due to overbought levels.

However, analysts like Wynn are focusing on bigger markers. According to him, the psychological resistance at $0.000010 is key.

“A breakout above $0.0000105 would complete a classic ‘cup and handle’ pattern, often followed by significant upside moves,” he explained.

Chart 1- PEPE/USDT Live Price, Published on TradingView on April 24, 25

What Are the Next Resistance Levels for PEPE?

All eyes are now on the two key resistance points: $0.0000094 and $0.0000101. These Fibonacci extension targets are crucial in determining whether the PEPE price resistance will hold or break.

A clean breakout through these levels would validate the bullish trend and set the stage for new highs. If PEPE can move past these zones with substantial volume, the next leg could aim for $0.0000109 or even as high as $0.0000120.

However, any drop below $0.0000079 could invalidate the current setup, triggering a deeper correction.

Short-term volatility should be expected, especially as RSI levels suggest a potential pullback before any sustained move upward.

Do Volume and Community Interest Back the Hype?

It’s not just the chart that looks promising. PEPE’s trading volume has jumped over 32% in the past 24 hours, crossing $650 million. This suggests strong interest from both retail and institutional traders.

“Volume confirms conviction, and right now, traders are betting on PEPE,” as one analyst put it.

The meme coin narrative continues to play a significant role. Despite its playful image, PEPE price news continues to garner attention as the token shows signs of breaking out of its consolidation phase.

The community-driven nature of this project contributes to its potential explosiveness, especially during a broader crypto market recovery.

Can PEPE Turn Momentum Into a Full Bull Run?

The current rally has pulled the PEPE price back today to levels not seen in several weeks.

With strong technical indicators, growing volume, and community hype aligning, there’s a real possibility of a continued price surge, but traders should brace for volatility along the way.

If traders can break through resistance levels at $0.000010 and $0.0000105 with strong momentum, we might see Pepe chart a new course toward $0.00001 and beyond.

However, failure to hold above $0.0000085 could drag the price back into