Peter Smith
PEPE coin is capturing attention after breaking above the $0.00001061 resistance level on the 4-hour chart. This technical breakthrough has sparked renewed interest among traders watching whether momentum can sustain or if a pullback awaits.
Technical Breakout Confirmed
PEPE is currently trading around $0.00001061, successfully clearing previous resistance. Trader BlockchainBaller notes that the $0.00000990 support zone continues acting as a reliable foundation for the current bullish structure.
The breakout shows classic characteristics with increased volatility and volume accompanying the move higher.
Key Levels and Indicators
The resistance zone extends from $0.00001061 to $0.00001100, with the next target around $0.00001150 if buying pressure continues. Support remains at $0.00000990, and any break below could trigger a retest of $0.00000950. RSI readings show overbought conditions, suggesting potential for short-term consolidation before further upward movement.
Rally Drivers
The strength comes from renewed meme coin enthusiasm across crypto communities and the technical breakout following weeks of consolidation. Momentum-driven trading has attracted speculative activity, while the broader crypto market's risk appetite has supported smaller-cap tokens like PEPE.
Price Projections
If bulls defend the $0.00001061 breakout, PEPE could target $0.00001150 near-term. A confirmed daily close above resistance would strengthen the bullish case, while losing $0.00000990 support could lead to deeper retracement.
Peter Smith
