Saad Ullah
PEPE is finally showing some life after weeks of choppy price action. The meme coin just bounced hard off key support, and traders are wondering if this is the start of something bigger or just another false hope.
PEPE Price Shows Life After Critical Support Hold
The popular meme coin PEPE has caught traders' attention once again, delivering a solid 2.75% bounce that pushed prices to $0.00001086. This move comes after the token found strong buying interest right at the $0.00001000 psychological support level – a zone that's been closely watched by the community.
What makes this bounce particularly interesting is how cleanly it happened. Instead of lingering around support and making traders nervous, PEPE shot up with conviction, printing a nice green candle on the 4-hour chart that suggests real buying pressure, not just a dead cat bounce.
The technical setup is starting to look more promising too. RSI is climbing out of oversold territory, and there's talk among chart watchers about a potential MACD bullish crossover forming. These aren't guarantees, but they're the kind of signals that get momentum traders excited.
Can PEPE Price Break Through $0.00001500 Resistance?
Here's where things get tricky for PEPE holders. That $0.00001500 level sitting overhead isn't just any random price – it's been a proper brick wall in the past, rejecting rallies and sending prices back down. Breaking through it won't be easy.
Before even thinking about $0.00001500, PEPE needs to navigate some shorter-term hurdles around $0.00001200-$0.00001300. This is where a lot of previous attempts have stalled out, and it's likely where some profit-taking might kick in from traders who bought the dip.
The game plan seems pretty straightforward: hold above the current $0.00001086 level, push through that $0.00001200 zone with volume, and then maybe – just maybe – make a serious run at $0.00001500. But if momentum fades and we see PEPE slip back below $0.00001086, that $0.00001000 support is going to get tested again, and there's no guarantee it holds twice.
Right now, it's all about whether the bulls can keep this momentum going or if this is just another false start in what's been a pretty choppy market for meme coins lately.
Saad Ullah
