The post PEPE Price Prediction for May 11 appeared on BitcoinEthereumNews.com.

The PEPE price today is trading near $0.00001345 after a sharp 65% surge since May 8. This powerful upside move has flipped multiple resistance zones into support and comes amid broader meme coin strength and renewed risk-on sentiment in the crypto market. The PEPE price action has now confirmed a breakout above its descending trendline on the daily chart, signaling the end of its multi-month downtrend that began in February. What’s Happening with PEPE’s Price? The rally was triggered after PEPE reclaimed the $0.00000900 zone and invalidated previous lower highs on strong volume. Price is now testing the key resistance zone around $0.00001450, which aligns with the 0.5 Fibonacci retracement level drawn from the November 2023 swing high of $0.00002836 to the January 2024 low of $0.00000602. This surge also marks one of the strongest PEPE price spikes since late 2023, drawing attention from both short-term traders and long-term meme coin holders. PEPE Price Update: Trend Reversal Confirmed On the 4-hour chart, PEPE broke out of a bullish wedge near $0.00000850 on May 8, followed by a clean retest and impulsive rally above $0.00001000. The current structure shows consistent higher highs and higher lows, with price hovering just below the upper Bollinger Band and well above all major EMAs (20/50/100/200), signaling strong momentum. The RSI is currently at 71.7 — flirting with overbought territory — but the MACD remains firmly bullish, with no bearish crossover yet. PEPE price volatility remains elevated, with the 30-minute chart displaying consolidation just below $0.00001350, suggesting a potential pause or flag formation before the next leg up. Meanwhile, the weekly Fibonacci retracement shows that PEPE has reclaimed the 0.618 level at $0.00001120. This level now acts as immediate support, while the 0.5 level at $0.00001482 and 0.382 at $0.00001758 serve as upside targets. Why PEPE…

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Filed under: News - @ May 10, 2025 10:25 am