PEPE Breaks One-Month Trendline, Gains 7.2%

PEPE has recently broken above a one-month descending trendline, marking a significant shift in its price trajectory. The cryptocurrency has been trading around $0.00000980, with traders closely monitoring its movements as momentum builds. This breakout has ended a lower-high pattern that began after May’s peak near $0.00001720, indicating a potential reversal in the short-term trend.

The breakout above $0.00001050 was accompanied by a strong bullish candle and increased volume, suggesting renewed interest from buyers. This move has shifted the short-term trend, with PEPE now building higher lows and experiencing short bursts of upside strength. The cryptocurrency found a bottom around $0.00000880, where buyers stepped in and initiated the rally. The trendline that previously rejected the price twice, once near $0.00001350 and again at $0.00001200, has now been cleared, paving the way for further gains.

For traders focusing on price structure, the $0.00000900 support level remains crucial. This move started the rally and turned the trend. As long as PEPE stays above $0.00001050, the next targets are $0.00001300 and $0.00001500. The 4-hour chart shows that PEPE has respected a clean ascending channel since June 23, with resistance around $0.00001105 and firm support near $0.00000860. The price has been bouncing off the midline, currently sitting close to $0.00000960, as traders await confirmation of the breakout.

Since June 24, PEPE has formed steadily higher highs and higher lows. The cryptocurrency rejected topside moves on June 30 and July 3 near $0.00001080 and $0.00001100, respectively. This zone now acts as short-term resistance, but the overall trend remains constructive. Volume remains active, indicating sustained market interest. If buyers defend the $0.00000960 level, the price could retest $0.00001100 soon. A drop below that level would bring $0.00000880–$0.00000860 back into play.

The breakout remains valid, and PEPE stays in focus as the structure continues to hold. Traders are watching each move closely, especially with clear levels and rising activity setting the tone. The rising channel holds strong, with $0.00000960 acting as a key intraday level. If the price stays above short-term support, the bull’s eye is set on $0.00001300 and $0.00001500. The momentum built during this breakout suggests that PEPE is poised for further gains, provided it maintains its current trajectory.