đ¸ PEPE Just Paused⌠Is the Next Meme Coin Rally Loading?
Pepe Coin ($PEPE ) price, the meme token that surged into the spotlight earlier this year, is once again testing the patience and excitement of traders. After a sharp bullish breakout, the current price action suggests a consolidation phase. But is this just a breather before another rally? Letâs break down both the hourly and daily charts to decode whatâs next for PEPE.
đ¸ #PEPE Price Prediction: What Does the Hourly Chart Say?
On the hourly chart, PEPE price is hovering around the $0.00001412 mark. After a strong run-up that took the price above $0.00001600, the coin experienced a pullbackânow stabilizing just above the $0.00001400 support zone.
We notice PEPE price action closely interacting with key moving averages:
The 200 SMA (currently near $0.00001351) is acting as dynamic support.
The 50 SMA and 100 SMA are slightly overhead, around $0.00001404 and $0.00001473, respectively.
This alignment suggests that PEPE is still trying to reclaim short-term momentum. However, the slightly upward sloping 200 SMA hints that the broader structure remains intact unless price breaks below $0.00001350.
Importantly, the red candles followed by a small bullish bounce at the $0.00001400 level show a possible reversal zone, or at least a temporary floor for buyers to regroup.
đ¸ Whatâs Happening on the Daily Chart?
Zooming out to the daily chart provides deeper context. PEPE price broke through a long-term downtrend in late April and early May, rocketing from $0.00000090 to over $0.00001600, marking a gain of more than 1666% in under a month.
Currently, PEPE price is:
Trading near the pivot point (P) level at $0.00001411.
Holding above the 50-day moving average (around $0.00001249), which confirms a bullish mid-term trend.
Well above its 100 and 200 SMAs, which are still catching up after months of bearish pressure earlier this year.
This creates a bullish alignment, where price leads the moving averages in a rally, then consolidates to let the averages catch up.