Is PEPE Coin Set to Rally Toward $0.00002650? – Coincu
The post Is PEPE Coin Set to Rally Toward $0.00002650? – Coincu appeared on BitcoinEthereumNews.com.
Key Points: PEPE coin price breaks trendline, confirming bullish reversal with higher highs and reclaimed support. Failure to hold $0.00001117 may trigger downside toward $0.00000758. PEPE coin price’s breakout above a long-term trendline has flipped market sentiment, setting the stage for a bullish continuation as technicals align and consolidation forms above reclaimed support. If PEPE clears $0.00001500 with volume, upside targets include $0.00001900, $0.00002103, and possibly $0.00002650. However, failure to hold $0.00001117 may shift bias bearish, with downside risk toward $0.00000758. PEPE Breaks Trendline, Signals Start of Fresh Uptrend According to crypto analyst Lucky (@LLuciano_BTC), PEPE/USDT has confirmed a breakout from its prolonged downtrend, reclaiming key support around $0.0000080. The trendline breakout mirrors the setup from late 2024, which sparked a multi-week rally. PEPE Price Chart Source: X Following the move, the price advanced above $0.00001389, signalling renewed bullish strength. If PEPE maintains momentum and clears resistance at $0.00001734, it could rally as high as $0.00002650, a potential gain of over 50%. However, a failure to hold above $0.00001117 may invalidate the breakout and drag the price back toward the $0.00000600–$0.00000800 support range. Market Structure Shows Signs of Re-Accumulation Technical data shows that PEPE coin price has reversed from its March–April 2025 lows near $0.00000758, forming consistent higher lows and higher highs. The breakout above $0.00001117 confirmed a bullish reversal, with the price now consolidating just under the $0.00001500 level. PEPE Coin Price Chart Source: TradingView Candlestick analysis shows upper wicks near resistance, suggesting profit-taking, while smaller candle bodies point to slowing momentum. Volume surged on the breakout but has tapered off, signalling potential re-accumulation before the next leg up. A break above $0.00001500 could open the door to targets at $0.00001900 and $0.00002103. Moving Averages and ROC Strengthen Bullish Momentum Technical indicators reinforce the bullish bias. PEPE coin price…
Filed under: News - @ May 25, 2025 3:24 am