PEPE Shows Early Reversal Signals With 6.14% Gain

PEPE, a popular frog-themed meme coin, has been experiencing a period of sideways movement and selling pressure. However, recent developments on its daily chart suggest a potential shift in momentum. Traders and speculators are closely monitoring whether PEPE can stage a comeback and deliver the explosive short-term gains that meme coins are known for. The daily chart of PEPE shows signs of a possible trend reversal, with the recent red streak turning into small green candles, indicating that the selling momentum is losing strength. The last daily close showed a 6.14% upward move, closing at 0.00001033 with a high near 0.00001076. This breakout from the tight sideways range hints at a short-term trend reversal attempt.

The Relative Strength Index (RSI) on the daily chart is around 49.68, just shy of the neutral 50 level. This means PEPE is no longer oversold but has not yet entered overbought territory. When the RSI crosses 50 and holds, meme coins often see fast surges as new money flows in. In early May, when PEPE’s RSI jumped from 30 to 60, the price rallied from 0.00000750 to 0.00001800 — a 140% jump. If the RSI reclaims the 50+ level, it could push the price back to test the 0.00001500 zone.

Based on the visible chart swings, a conservative Fibonacci retracement from the recent swing high of 0.00001800 down to the local bottom near 0.00000750 suggests that the 38.2% Fibonacci retracement is approximately 0.00001152. This aligns with the current candle’s attempt to break 0.00001050. If PEPE sustains above this resistance, the next logical target is 0.00001150–0.00001200.

If PEPE price climbs from 0.00001033 to the 0.00001500 resistance zone again, that’s an upside of about 45.2% — a realistic move for a meme coin when sentiment flips bullish. Traders should keep an eye on a daily close above 0.00001050, the RSI firmly crossing 50 and trending toward 60, and a volume spike to confirm real buyer interest. If these align, PEPE could rally toward 0.00001200–0.00001500.

Technically, PEPE shows early reversal signals: a fading downtrend, RSI recovery, and small bullish candles breaking resistance. However, confirmation is needed, especially strong volume and RSI holding above 50. If these appear, PEPE could deliver a quick 40–50% upside. Traders must use tight stop-losses below 0.00000950 to protect capital if momentum fails.