Peter Smith
Meme coins are known for their volatile price swings, and PEPE is following this pattern perfectly. The token has climbed 1.26% to reach 0.00001045, while technical indicators suggest there might be more upside ahead. The chart shows a clear breakout above the EQH zone with strengthening RSI, indicating that buyers could be preparing for another push toward important resistance levels.
PEPE Breaks Key Resistance
According to trader Naveed, PEPE's recent move above the EQH level shows renewed buying interest after several weeks of sideways trading.
This breakout suggests that bullish traders are taking back control, particularly as the price now maintains above the 0.00001000 mark. The RSI indicator is also showing upward momentum, which strengthens the bullish argument.
Technical Analysis Summary
The current price sits at 0.00001045, representing a 1.26% gain. Support appears solid around the 0.00000950 level, which has been tested multiple times previously. Looking ahead, the next resistance barriers are positioned at 0.00001150 and 0.00001250, with stronger supply expected near 0.00001300. The breakout above the EQH level provides a short-term bullish signal, while the RSI trending upward confirms this shift toward positive momentum. If buying pressure continues, PEPE could potentially retest the 0.00001150–0.00001250 range in upcoming trading sessions.
Market Context
PEPE has recently experienced increased trading activity, with meme coins gaining popularity alongside the broader cryptocurrency market recovery. The combination of positive social sentiment and favorable technical setups often leads to sharp short-term rallies in tokens like PEPE, making this breakout particularly noteworthy for traders watching the space.
Peter Smith
