Usman Salis
Don't get fooled by PEPE's recent dip – the charts are setting up for something big. The meme coin just bounced 2% in 24 hours and is now testing crucial resistance at $0.00001300.
Here's what's got traders excited: volume exploded 61% as PEPE hits this level. The daily moving averages are still holding as support too, which means the bulls aren't done yet.
If PEPE breaks above $0.00001300, the next stop is $0.00001600. But crypto analyst Steph is Crypto sees much bigger things ahead. Their wave analysis suggests PEPE finished the first four waves of its bull run and is ready for wave 5 – the big one. They're calling for $0.0001100, which would be a insane 750% rally from here.
PEPE Breakout Pattern Points Higher
The 12-hour chart looks even better. PEPE has broken out of a falling wedge twice already in recent weeks, and now a proper uptrend is forming. This pattern suggests first target around $0.000020, then potentially $0.00002800 if momentum continues.
The RSI bounced back after dipping below 50 recently – that was just healthy profit-taking after days of rallying. Now it's recovering, which is exactly what you want to see before a breakout.
PEPE Key Levels to Watch
For this bullish scenario to work, PEPE needs to clear $0.00001500 with strong volume. That would confirm the breakout and open the door for much higher prices.
The setup works for both quick trades and longer holds. Short-term traders can play the bounce, while bigger picture folks might be positioning for that 750% target. Just remember – this is a meme coin, so expect wild swings both ways.
Meanwhile, as PEPE and other tokens aim for new highs, securing your crypto assets is more important than ever.
Bottom line: PEPE's pullback looks scary, but the technicals are actually bullish. Whether you're playing the short-term breakout or betting on the 750% moon shot, this meme coin deserves attention.
Usman Salis
