PEPE Price Prediction for May 24: Bulls Defend $0.00001550 as Breakout Rally Slows Down

After an impressive increase from the base of $0.00001000 earlier this month, the price of PEPE is currently consolidating near the mark of $0.00001550, recording over 45% gains in less than two weeks. This sharp rise has brought the meme token back into focus, but momentum indicators are now flashing early caution signals, even as bulls target higher Fibonacci levels.

What is happening with the price of PEPE?

On the weekly chart, the price action of PEPE shows a clean reversal from several-month lows, breaking through the Fibonacci retracement levels of 23.6% and 38.2%. The rally has reclaimed the psychological mark of $0.00001200 and is now trying to hold above $0.00001500—a area that previously acted as support before the sell-off in February.

The breakout from the consolidation range of $0.00001020–$0.00001200 was supported by an increase in volume and structural confirmation. This suggests that bulls are attempting a larger reversal, especially as the token rises towards the 50% retracement zone near $0.00001800.

Signs of Daily Exhaustion Structure After Vertical Move

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The PEPE price prediction for May 24: bulls defend $0.00001550 as breakout rally slows down first appeared on Coin Edition.