PEPE approaches $0.000015 resistance after 59% monthly gain and rising trading volume.
Trump’s post and whale activity push PEPE’s market cap above $6B with $1.63B in daily volume.
RSI at 58.19 and MACD crossover indicate bullish momentum as analysts eye $0.0000168 target.
PEPE is gaining renewed market interest following a sharp increase in price and trading volume. The frog-themed meme coin is currently trading at $0.00001369, with social media speculation and high-profile mentions contributing to the surge. Analysts are now evaluating whether PEPE’s bullish momentum could support a long-term breakout leading into 2025.
Trump Post Sparks Speculation, Trading Volume Jumps
A recent image posted by U.S. President Donald Trump on Truth Social featured the PEPE mascot in the background. According to an observation by Coinglass, this event was followed by a 7% price increase and a surge in PEPE’s daily trading volume, reaching $1.63 billion.
The PEPE market cap now exceeds $6 billion, placing it among the top meme coins. Whale activity has also increased, with over 2 trillion tokens moved from Bybit to unknown wallets. Coinglass data shows that open interest in PEPE futures rose by 11%, reaching $668 million.
According to Rodney, who posted on X, “We’re up 59% on the month. The frog goes higher.” PEPE’s performance in May has been steady, recording a monthly low of $0.00000762 and a high of $0.00001508.
Price Structure Points to Continued Uptrend
PEPE is nearing the $0.00001500 resistance level after trading in a consolidation range since May 9. The range’s lower boundary remains at $0.0000119, offering a key support level.
https://twitter.com/PepeCZBinance/status/1927734551926702099
The current RSI stands at 58.19, reflecting growing buying pressure. Meanwhile, the MACD line is above the signal line, supporting the bullish setup. Short-term charts show the price recently bounced off a local low and may now test $0.00001470.
A breakout above this level could result in a rally toward the 50% Fibonacci retracement at $0.0000168. The Bull Bear Power (BBP) indicator at 0.00000074 shows mild bullish bias. Technical analysts are monitoring these levels closely as PEPE positions for further movement.
The post PEPE Price Nears Key Resistance at $0.00001500, Here Are the Levels Analysts Are Watching Next appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
