🐸 PEPE Poised for Breakout — Trump’s Post Sparks Meme Coin Frenzy
Meme currency leader Pepe climbs while DOGE and SHIB battle to recover.
The meme currency heats up after President Trump's Pepe-themed tweet.
As derivative measurements reveal increased token interest, PEPE's technical outlook suggests a range breakout rise.
After US President Donald Trump published a Truth Social post with the frog logo in the backdrop, Pepe (PEPE) rose over 6% at press time on Thursday, sparking fresh buzz and suggesting a bullish breakthrough from a consolidation zone.
US President Trump posted on Truth Social about his objective. The graphic said “HE’S ON A MISSION FROM GOD & NOTHING CAN STOP WHAT IS COMING.”
The caption seems to be for the President. PEPE's frog-themed mascot lurks in the backdrop. This boosts meme coin bullishness.
Pepe's official X post included a zoomed-in frog and “Nothing Can Stop What Is Coming.”
Pepe trades around $0.0000144, up over 3% intraday and hitting $0.0000150 resistance since May 12, except for a tiny departure on May 23. Since May 9, PEPE has formed a consolidation range with the bottom boundary at $0.0000119 and higher resistance.
PEPE trades below the red Supertrend indicator line around $0.0000150, indicating a bearish trend. A breakthrough from the Supertrend line at the range's upper limit might trigger a momentum surge.
With the first leg at the starting price on May 26 at $0.0000076 and the succeeding legs matching with the range boundary lines, the trend-based Fibonacci tool places immediate resistance at $0.00000168, the 50% Fibonacci retracement.
PEPE may fall to $0.0000119 if it reverses from $0.0000150.
Coinglass data shows an 11% increase in Pepe's Open Interest (OI) to $668.48 million at press time on Thursday due to optimistic sentiment.
With increased taker purchase volume, the Long/Short Ratio chart shows the bullish trend. Taker purchase volume rose to 50.79% from 48.41% in 48 hours, raising the long/short ratio to 1.032 from 0.9384, indicating a bullish tilt.
