🐸$PEPE Makes a Splash — Is a Meme Coin Comeback Brewing?

Crypto traders were excited by US President Donald Trump's May 29 Truth Social tweet. Users reported seeing a veiled allusion to the Pepe meme currency.

PEPE rose 5% in the following three hours before falling 15%. Traders are waiting to see whether this social effort can replicate what Elon Musk did with Dogecoin.

Pepe Price Changes

Market data shows PEPE's price reached its upper barrier following Trump's tweet. A brief rally gained 5%. Profit-taking and market pressure caused an 18% drop.

The meme-coin momentum switch demonstrates how quickly things can shift. A short tweet or post may drive prices up, while a little selling can lower them.

Trump's claim that he's “on a mission from God” implies a higher purpose than politics. The gloomy street background and “nothing can stop what is coming” suggest something major is coming, even if he doesn't explain it. Because it seems dramatic and urgent, this discourse might excite his most faithful admirers, particularly PEPE fans.

Chart watchers say PEPE is developing a cup-and-handle pattern that started five months ago. Some think the currency may hit $0.000026—double its present level—if it breaks over the handle.

The 0.618 Fibonacci retracement level at $0.00001 may bounce. Markets will aim to $0.000008 if that level breaks.

US Court of International Trade papers show that the court overturned Trump's tariff suspensions around PEPE's peak. This seems to have tempered market risk-taking.

Many traders weigh trade news more than tweets. Traders sell meme currencies if they fear tariffs and slower growth. Social buzz and market anxiety pushed PEPE down following its short surge.

This combination of social buzz and chart signs suggests PEPE will need more than a post suggestion to soar. By mid-June, the currency might reach $0.000026 if it breaks resistance.

But dropping MACD and RSI suggest additional selling first. The 0.618 level at $0.00001 may indicate a rebound for traders. If that level breaks, they may try $0.000008.