PEPE Surges 2% on 61% Volume Spike as Resistance Looms

Pepe (PEPE) has regained attention as recent market activity suggests the token's uptrend remains intact despite a temporary pullback. Over the past 24 hours, PEPE has surged 2% to approach a critical resistance level at $0.00001300, a threshold analysts view as pivotal for confirming a bullish reversal [1]. Technical indicators, including exponential moving averages (EMAs), continue to act as strong support, with trading volume spiking 61% as the token nears this key level [1]. A breakout above $0.00001300 could trigger a rally toward $0.00001600 in the short term, with further potential for a move to $0.000020 and ultimately $0.00002800 [1].

The 12-hour chart reveals PEPE has already broken out of a falling wedge pattern twice in recent weeks, reinforcing the likelihood of a sustained upward trajectory [1]. Crypto analyst Steph is Crypto posits that the token has completed the first four waves of its bull cycle, suggesting a potential 750% surge to $0.0001100 if the final wave materializes [1]. This projection aligns with the token's historical volatility and its appeal to short-term traders, who often capitalize on its low entry price.

Supporting this optimism, the Relative Strength Index (RSI) has rebounded from a recent dip below 50, signaling a normal consolidation phase following a prolonged rally [1]. Analysts emphasize that a confirmation of the $0.00001500 level with above-average trading volumes would strengthen the case for a continuation of the uptrend [1]. The price action underscores PEPE's resilience in a market where rapid reversals are common, with many observers viewing the current dip as a buying opportunity rather than a bearish signal.

While the short-term focus remains on key resistance levels, broader market dynamics also play a role. PEPE's recent performance contrasts with the broader crypto sector's mixed signals, where regulatory developments and macroeconomic factors create uncertainty. However, its technical setup suggests it may outperform in the near term, provided the token maintains its structural support. The 61% surge in trading volume further indicates growing institutional and retail interest, a factor often correlated with sustained price momentum.

The analysis highlights the importance of adhering to technical frameworks in volatile markets. For PEPE, the convergence of EMA support, RSI normalization, and volume expansion creates a favorable environment for a breakout. Investors are advised to monitor the $0.00001300 level closely, as a sustained move above this threshold could validate the bullish thesis and unlock higher targets.

Source: [1] [Pepe Price Prediction: Don’t Let the Dip Fool You – This Chart Signals the Uptrend Is Alive and Well] [https://cryptonews.com/news/pepe-price-prediction-dont-let-the-dip-fool-you-this-chart-signals-the-uptrend-is-alive-and-well/]