Usman Salis
The meme coin market is heating up again, and PEPE is catching serious attention from technical analysts. After weeks of consolidation, the token appears to be setting up for what could be its next major leg higher. With key support levels holding firm and resistance zones clearly defined, seasoned traders are eyeing this setup as a potential goldmine for quick gains.
Bulls Defend the Fort at Key Support
PEPE is currently battling to maintain its footing around the 0.00001162 level, which sits within a broader support zone spanning 0.00000950 to 0.00001100. This range has proven to be a solid foundation for the token over recent trading sessions, with each dip finding buyers willing to step in.
Analyst @CryptoNuclears recently highlighted this area as a prime buyback opportunity, suggesting that the current consolidation could be the calm before the storm.
The confluence of technical indicators at this level makes it a natural launching pad for the next upward move.
Target Zones Paint a Bullish Picture
Looking ahead, the path of least resistance points toward the 0.00001300-0.00001331 resistance cluster. A clean break above this zone would likely trigger algorithmic buying and FOMO from retail traders, potentially pushing PEPE toward its first major target at 0.00001533 – representing a juicy 15% gain from current levels.
The technical setup doesn't stop there, though. If momentum really takes hold, additional upside targets come into play at 0.00001683, with the most optimistic scenario pointing toward 0.00002153. That would represent an absolutely massive move that could catch many traders off guard, especially those who've been sitting on the sidelines waiting for confirmation.
Usman Salis
