Usman Salis
PEPE just pulled off something that's got traders talking. The memecoin broke out of its downtrend and hasn't looked back, holding firm above key support levels while bulls take control. This isn't just another fake breakout - the price action is telling a different story. With consolidation happening right where it should, PEPE is setting up what could be a massive run to $0.00002649, representing a potential 112% gain from current levels.
Chart Breakdown: The Breakout That Matters
The technicals are speaking loud and clear. PEPE smashed through its downtrend resistance and hasn't given it back, which is exactly what you want to see in a real breakout. The consolidation above support is textbook bullish behavior, showing that buyers are stepping in every time the price dips. Analysis from JAVON MARKS highlights how this setup could propel PEPE all the way to $0.00002649.
Key levels every trader should know:
- Support Zone: $0.00001100–$0.00001250 (the foundation of this move)
- Immediate Resistance: $0.00001800 (first hurdle to clear)
- Primary Target: $0.00002649 (the big prize - +112% upside)
Why This Rally Has Legs
Three things are working in PEPE's favor right now. The breakout confirmation is solid - no fake-outs or weak bounces here. Meme coins are having their moment again, and PEPE is leading the charge with real momentum behind it. Plus, the volume is there, with retail traders piling in and providing the liquidity needed to sustain bigger moves.
PEPE isn't just holding its breakout - it's building on it. If this momentum keeps up, we could see the memecoin double in value and hit that $0.00002649 target sooner than expected. The key thing to watch? That support zone between $0.00001100 and $0.00001250. As long as PEPE stays above that level, this bullish trend has room to run.
Usman Salis
