PEPE Memecoin Targets 22% Gain as Bullish Momentum Builds

PEPE, a memecoin, is showing signs of a potential breakout on both hourly and daily charts. After consolidating near key support zones, the coin is now attempting to reclaim lost ground. The daily chart indicates a fresh bounce from the 100-day SMA, while the hourly chart displays a clear bullish structure forming higher lows and higher highs. This momentum suggests that PEPE may soon test higher Fibonacci levels.

The hourly chart shows PEPE trading at $0.00001314, steadily climbing above the SMA 20/50/100 cluster, which is currently around $0.00001266–0.00001287. The 200 SMA sits further below at $0.00001195, reinforcing the support base. A 5-wave Elliott structure is completing, with Wave 5 forming higher than Wave 3, indicating impulsive buying. PEPE has crossed the $0.00001300 resistance and is targeting the $0.00001360–$0.00001400 zone.

The Fibonacci extension shows the 1.618 level at approximately $0.00001428, a potential short-term target. If momentum continues, PEPE could move toward the $0.00001550 level, which is the 2.618 extension. This gives traders a quick upside of nearly 18% from current levels. If PEPE breaks $0.00001360 and hits $0.00001550, the gain would be approximately 17.94%.

On the daily chart, PEPE bounced from the 50-day SMA (~$0.00001160) after completing a retracement from its May high. Today’s green candle confirms bullish pressure, reclaiming the short-term downtrend resistance line. A golden cross remains active from early May when the 50-day SMA crossed above the 200-day SMA, a long-term bullish signal. Currently, the 200-day SMA is at $0.00000937, which PEPE is comfortably holding above.

The Fibonacci retracement from the recent swing high to swing low shows the price recovering above the 38.2% level, with targets near the $0.00001600 mark. If the daily close confirms above $0.00001317, it would invalidate the recent bearish trend and open the gates to a potential 20% rally. From the current price of $0.00001303 to the Fibonacci resistance at $0.00001600, the upside potential is approximately 22.75%.

Technically, the signs for a PEPE rally are evident. There is a clean bounce from long-term support, a bullish engulfing candle forming on the daily chart, and the hourly chart shows trend continuation above key moving averages. Fibonacci extensions and retracements point toward a $0.00001400–$0.00001600 move. Volume is gradually picking up, and with no major resistance until $0.00001600, the risk-reward ratio is favorable for bullish traders.

If the momentum sustains and Bitcoin remains stable, PEPE could hit $0.00001600 in June, marking a +22% move from current levels. A decisive daily close above $0.00001320 would signal the start of a new bullish wave. PEPE is no longer just a meme; it is gearing up for a serious breakout.