PEPE Defies Gravity: Bullish Trendline Holds as Traders Eye Breakout
Meme coin PEPE clings to its ascending support like a Wall Street trader to bonus hopes—refusing to buckle under selling pressure. The chart paints a clear story: five bounces off this trendline since January, each launching double-digit rallies.
Key levels to watch: A clean break above $0.00000850 could trigger FOMO buys, while hedge funds will inevitably claim they ’saw it coming’ after the fact. Meanwhile, Bitcoin’s sideways grind leaves altcoin traders hungry for action—PEPE’s high-beta moves offer the casino-like thrill crypto speculators crave.
Just remember: in a market where ’fundamentals’ mean cartoon amphibians, technicals are the only gospel that matters... until they don’t.
Key Support Holds Strong: Why This Trendline Matters
According to UniChartz, PEPE’s price recently staged another strong rebound off its rising trendline, once again confirming it as a critical area of support. This bounce occurred just above a major horizontal support zone, reinforcing the idea that buyers are stepping in aggressively at key levels to defend the uptrend.
Adding to the bullish setup, UniChartz noted that the MACD indicator is beginning to turn positive, signaling growing bullish momentum. The strengthening MACD crossover typically precedes larger upward moves, hinting that PEPE could be gearing up for another leg-up.
At the moment, PEPE is closing in on a crucial test of the 100 EMA resistance. A clean and decisive breakout above the 100 EMA could serve as a major catalyst to the next key resistance area overhead. If momentum continues to build, PEPE might soon find itself charging into higher territory.
Where PEPE Could Rally Next
PEPE’s current price action is setting the stage for a potential rally as it continues to respect key support levels, particularly its rising trendline. The immediate focus is on overcoming the 100 EMA, which has proven to be a major resistance in previous attempts. A successful breakout above this level could trigger a sharp upward move, pushing PEPE toward the $0.00001152 zone, a critical price point that has historically held as a major hurdle.
If the bulls maintain their momentum and clear this initial resistance, the next key targets are the $0.00001313 and $0.00001731 levels. These zones, derived from past price action and Fibonacci retracements, represent significant obstacles that PEPE must overcome.
Given the strengthening bullish indicators, such as the MACD and ongoing support from the rising trendline, PEPE appears well-positioned for a breakout. Surpassing these resistance levels would mark a significant shift, paving the way for more gains in the NEAR term and confirming the continuation of the bullish trend.
