PEPE bounces from support at $0.0000135 as EMAs and MACD signal bullish momentum.
Trading volume hits $1.59B with RSI at 62, suggesting room for continued upward move.
Price targets range from $0.00002 to $0.0002 as community interest in PEPE remains high.
Pepe Coin (PEPE) has returned to the green zone, rising by about 2% today. The meme token is currently trading near $0.00001400. Market watchers note a bullish bounce pattern and increased volume supporting the recent upward momentum.
Technical Signals Point to Further Gains
According to analysis prepared by ChandlerCharts on X, the digital asset is forming a strong bounce on the daily chart after a prolonged decline. The token has held above a rising support line near $0.0000135, preventing further losses. This support has encouraged renewed buying interest in recent sessions.
Cryptocurrency price is also supported by the convergence of its 50-day, 100-day, and 200-day exponential moving averages (EMAs). Historically, such EMA clusters have preceded volatile moves. The relative strength index (RSI) stands at 62, indicating room for further gains before overbought conditions appear. The MACD has recently shown a bullish crossover, which further supports positive momentum.
The token faces resistance near $0.000015, with a potential move toward $0.000018 to $0.000020 if volume increases. A popular crypto trader, James Wynn, has opened a leveraged long position on PEPE, signaling growing confidence. Wynn reported a $200,000 profit on this trade so far.
Market Activity and Community Sentiment
PEPE’s trading volume has increased significantly, reaching $1.59 billion in recent days. This surge corresponds with a 50% rise in daily volume according to CoinMarketCap. The token’s market capitalization is currently around $5.44 billion.
Interest from the community has not faded and some analysts expect the coin to trade between $0.00002 and $0.0002 at the end of 2025. However, PEPE’s lack of intrinsic utility and high volatility are factors traders continue to monitor closely.
The token’s recent price surge follows a 45% increase earlier this month. Despite its speculative nature, the asset has maintained attention due to its meme coin status and social media presence.
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