PEPE’s Bullish Momentum: What’s Next for This Meme Coin’s Price?

PEPE Surges Amid Meme Coin Rally

As meme coins continue to captivate the crypto market, PEPE (PEPE) stands out with its impressive bullish trend. Recently, the popular meme coin broke through a crucial cup-shaped technical pattern on the 4-hour chart — a signal often associated with renewed bullish sentiment and further upward momentum in the digital asset space.

Strong Performance Supported by Retail Investors

Currently trading above $0.000016, PEPE has delivered over 12% gains in the past 24 hours alone. More impressively, in the last month, PEPE has soared by 73%, signaling strong interest from retail investors and the broader crypto community. These numbers cement PEPE's position as the third-largest meme coin in terms of market capitalization, further fueling market excitement.

Key Resistance Turns into Support

An important milestone in PEPE’s recent rally was its breakout above the crucial $0.000016 resistance level, which now acts as a new support zone. The relative strength index (RSI) sits at 67 — an indication that bulls have the upper hand. However, this reading also suggests a potential for a short-term price correction as overbought conditions emerge.

Future Price Targets for PEPE

Looking ahead, if PEPE can surpass the $0.000018 resistance, the next major target lies at $0.00002378 — a psychologically significant level for traders. On the flip side, if profit-taking occurs, a pullback towards the $0.0000136 support area is possible. Despite some signs of short-term overbought conditions, PEPE’s chart structure remains firmly bullish, with the potential for further upside if key support levels hold.

Analysts’ Outlook: Watch the Resistance Zones

According to crypto analysts, monitoring how PEPE reacts to upcoming resistance levels will be crucial in determining its short-term trajectory. As the hype around meme coins persists and market momentum builds, PEPE's future price movements are likely to attract significant attention from both traders and enthusiasts across the global crypto ecosystem.