$PEPE Poised for Breakout โ Trumpโs Post Sparks Meme Coin Frenzy ๐ธ๐
The meme coin market is heating up, and PEPE is leading the charge. While Dogecoin ($DOGE ) and Shiba Inu ($SHIB ) struggle to regain momentum, PEPE has surged over 6% following a bold post from U.S. President Donald Trump. The message โ shared on Truth Social โ featured Trump with a frog-themed background and the caption: "HEโS ON A MISSION FROM GOD & NOTHING CAN STOP WHAT IS COMING." The subtle nod to PEPEโs iconic mascot sparked a wave of bullish sentiment across social media.
Pepeโs official X account followed up with a zoomed-in image of the frog and the same powerful phrase โ "Nothing Can Stop What Is Coming." Traders took note.
Currently trading around $0.0000144, PEPE is up more than 3% intraday, brushing against the familiar $0.0000150 resistance โ a level it hasnโt meaningfully surpassed since May 12. Since May 9, the coin has been consolidating between $0.0000119 (support) and $0.0000150 (resistance), building up pressure for a potential breakout.
Technically, PEPE remains just below the Supertrend resistance line around $0.0000150, suggesting the trend is still bearish โ but only just. A decisive break above that line could unleash bullish momentum.
Using the Fibonacci trend tool, analysts see the 50% retracement level at $0.0000168 as the next significant resistance if the breakout holds. However, if the rally fizzles, PEPE could retrace back to $0.0000119.
Meanwhile, Coinglass data reveals an 11% jump in PEPEโs Open Interest (OI), climbing to $668.48 million. This aligns with rising bullish sentiment. The Long/Short Ratio also increased to 1.032, up from 0.9384, with taker buy volume jumping to 50.79%, all indicating that bulls are gaining ground.
Bottom Line:
PEPE is at a technical tipping point. Trumpโs unexpected meme nod has ignited fresh enthusiasm, and if bulls can push past the $0.0000150 resistance, the rally could escalate fast. Watch the chart closely โ the breakout might be just beginning.