- PEPE nears 0.00001400 resistance after a 38% rally, with bullish EMAs and a textbook cup-and-handle formation.
- MACD and RSI indicators signal ongoing bullish momentum, with volume spikes supporting further price advances.
- A breakout above 0.00001400 may trigger targets at 0.0000165, 0.00002, and 0.000025, backed by structural and psychological levels.
PEPE is nearing a major resistance level, testing the strength of its current bullish structure. After a 38% surge driven by a textbook cup and handle formation, the token has approached the 0.00001400 USDT resistance, a critical zone previously rejected in mid-May and early June.
Despite failing to break above this level in recent sessions, technical indicators suggest a potential continuation of bullish momentum. The price is above its 20, 50, and 200 exponential moving averages, which are aligned in a bullish setup. This structure shows strong support and growing upward momentum.
Resistance Test Defines Next Move
The price recently rallied from below 0.00001000 to 0.00001346, coming close to the 0.00001400 barrier. This level has acted as a strong top in the past, where sellers have repeatedly stepped in.
A decisive break above this resistance could shift momentum toward higher targets, with levels like 0.00001600 and 0.00001800 in play. The price is above short-term support near 0.00001200, and all major EMAs continue to trend upward.
Momentum indicators also support a bullish outlook. The MACD line is at 0.00000036, while the signal line holds at 0.00000028. The widening histogram indicates expanding bullish strength. Meanwhile, the RSI is at 58.65, nearing the overbought zone, yet still within the range that typically supports sustained upside.
Volume and Structure Show Accumulation
Recent green candles have been supported by rising volume, pointing to accumulation across key levels. The increase in trading activity aligns with the bullish crossover of short-term moving averages.
A trendline from recent lows also confirms a pattern of higher lows, further supporting the ongoing upward structure. According to CryptoJack, PEPE’s breakout follows a perfect technical setup, with the next short-term targets around 0.0000165, 0.00002, and 0.000025.
These levels show both psychological and structural resistance levels. Fibonacci levels also provide guidance, with the 0.5 mark at 0.00001010 now acting as a base for price consolidation.
Key Levels to Watch as Bulls Maintain Control
Immediate support is at 0.00001159, corresponding with the 20 EMA, while deeper support rests around the 50 and 200 EMAs.
Failure to hold these zones could prompt a short-term pullback, but the overall outlook is bullish as long as price stays above these moving averages. A clean breakout above 0.00001400 with strong volume could lead to higher levels, while failure at resistance may delay upside.
PEPE continues to exhibit bullish strength, with multiple indicators aligned in its favor. The key test is at the 0.00001400 resistance. A successful breakout could validate further momentum toward 0.000025, supported by volume, trend structure, and key technical levels.
