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PEPE Coin Surges 20% in May 2025, Eyes Further Gains

Coin WorldSunday, May 18, 2025 1:05 pm ET

1min read

PEPE coin has shown significant momentum in May 2025, rebounding strongly from the support zone near $0.00001164. The current price stands at $0.00001406, with key resistance levels identified at $0.00001500, $0.00001748, and $0.00002168. The Relative Strength Index (RSI) is at 57.83, indicating bullish momentum but not yet in overbought territory. This suggests that there is potential for further upside if buyers can maintain their position above $0.00001500.

For traders looking to enter the market, an aggressive strategy would be to buy at current levels around $0.00001406, targeting a breakout above $0.00001500. A more conservative approach would be to buy near $0.00001183 during any pullbacks. Take profit targets are set at $0.00001500, $0.00001748, and $0.00002168, with a stop loss below $0.00001164 to mitigate downside risk. If PEPE manages to break and close a weekly candle above $0.00001500, it could signal a strong continuation toward the next targets.

Support levels are identified at $0.00001183 for short-term support, $0.00001164 as the 50-week Simple Moving Average (SMA) and critical support, and $0.00000476 as historical low support. These levels provide a safety net for traders, ensuring that any significant drops can be managed effectively.

According to the analyst's forecast, if PEPE can sustain its momentum and break through the immediate resistance at $0.00001500, it could potentially reach the major breakout zone at $0.00001748 and even the next psychological barrier at $0.00002168. This optimistic outlook is based on the current bullish momentum and the RSI indicating room for further upside.

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