PEPE Cryptocurrency Rebounds 7.5% From Key Demand Zone

PEPE, the cryptocurrency, is currently trading around $0.00000817, showing a strong recovery after bouncing back from a key demand zone near $0.00000760. After several days of downward pressure, bullish forces have regained control, pushing the token towards a critical resistance line in a descending trend. With oscillators indicating early bullish signals, the outlook for May is becoming more positive, especially if gains continue above $0.00000888.

PEPE's price action on the 4-hour chart shows a clear rebound from the $0.00000760–$0.00000790 demand zone, an area that has historically supported accumulation. This upward movement marks a break in the recent pattern of lower highs, with the price now targeting the downtrend resistance at $0.00000835 and potentially $0.00000888. This bullish move follows a two-week period of range-bound consolidation, and traders are now watching for a potential shift in market structure. If PEPE closes above the trendline and horizontal resistance, upside targets of $0.00000952 and $0.00001080 could come back into focus.

On the daily chart, the price is approaching the mid-Bollinger band at $0.00000840, and further expansion above this level would confirm bullish control. Several indicators support this rebound. The Stoch RSI has completed a bullish crossover from oversold territory, historically a prelude to short-term rallies. Meanwhile, the MACD on the daily chart is flattening out, with histogram bars narrowing toward neutral—a sign that selling pressure is fading. The RSI, currently at 50.65, has also ticked upward, further reinforcing the recovery narrative. Price is also making efforts to reclaim the Ichimoku Tenkan-sen and Kijun-sen levels near $0.00000816–$0.00000831. A daily close above these levels would flip Ichimoku momentum favorably for bulls.

However, the upside still faces resistance from the daily EMA cluster. The 20-, 50-, and 100-EMAs hover between $0.00000814 and $0.00000918, forming a compression band that PEPE must break through for a sustained rally. Clearing the 200-EMA at $0.00001041 would further validate a macro bullish reversal. The PEPE price update for May now carries a more constructive tone, with the bounce from $0.00000760 establishing a potential higher low. Should bulls push through $0.00000888 resistance, the breakout structure would open the door toward retests of $0.00000952 and $0.00001080—levels last seen during April’s spike phase. Conversely, failure to clear these resistance bands could lead to renewed compression within the $0.00000759–$0.00000835 channel, with downside risk only reignited below $0.00000700.

The broader trend now hinges on confirmation above the descending trendline and volume-backed follow-through. PEPE price volatility remains compressed, but with indicators tilting bullish, traders should watch for breakout acceleration through mid-May. The current price is $0.00000817, with a bullish intraday bias. Key resistance levels are at $0.00000888, $0.00000952, and $0.00001080, with a breakout watch in place. Key support levels are at $0.00000759, $0.00000700, and $0.00000643, serving as rebound zones. The RSI (Daily) is at 50.65, indicating a neutral to bullish bias. The MACD (Daily) is flattening, building bullish divergence. The Ichimoku indicator is testing the Tenkan-Sen, with a reclaim effort underway. The EMAs (20/50/100/200) are at $0.00000814, $0.00000824, $0.00000918, and $0.00001041, respectively, indicating overhead compression. The Stoch RSI has completed a bullish crossover, providing an early buy signal. The short-term outlook is bullish, with a breakout pending.