PEPE Coin Surges 32% as Bullish Momentum Returns

PEPE coin has regained attention as bullish momentum pushes prices higher after weeks of stagnation. This resurgence coincides with a broader market trend of renewed interest in meme coins. The recent price surge is not arbitrary; it is supported by a clear bullish structure. After reaching a low near $0.00000900, PEPE has formed a series of higher lows and strong green Heikin Ashi candles, indicative of a classic reversal pattern. Additionally, there has been a breakout from a key resistance level around $0.00001200, suggesting that accumulation may be over and that PEPE could be entering a new markup phase.

The Relative Strength Index (RSI) for PEPE is currently at 69.71, just below the overbought threshold of 70. This indicates strong bullish momentum while still allowing room for further upside before overbought conditions fully set in. Compared to early May, when the RSI peaked above 80 before a short-term pullback, the current move is more gradual and healthier, supported by rising volume and a more sustainable price climb.

Looking ahead, key upside targets for PEPE include $0.00001350, $0.00001520, and $0.00001780, which corresponds to the mid-May high. If PEPE breaks the current resistance at $0.00001321, a measured move based on the last impulse leg could project a gain of +32% from current levels, aligning with the third target zone at $0.00001718.

While the trend is bullish, traders should monitor the RSI as it approaches overbought conditions. A rejection at $0.00001321 followed by a break below $0.00001200 could invalidate the short-term breakout and push PEPE price back toward the $0.00001050–0.00001100 demand zone. Additionally, upcoming macroeconomic events suggest that volatility may spike around July 18–22.

The current PEPE price chart indicates a bullish breakout, supported by strong Heikin Ashi candle structure, RSI momentum, and reclaimed resistance levels. As long as PEPE holds above $0.00001200, the odds favor a continuation toward $0.000015–0.000017 in the coming weeks. However, short-term consolidation or minor pullbacks could occur as the RSI nears overbought territory. Traders should watch price action around the $0.00001321 level for confirmation before entering aggressive long positions. If the breakout confirms, PEPE could deliver another explosive meme coin rally, similar to the one seen in May.