On May 29, a brief post from former U.S. President Donald Trump on Truth Social generated a quick surge of enthusiasm among cryptocurrency traders. According to reports, some users saw a hidden reference to the meme coin Pepe (PEPE). In the following hours, $PEPE rose 5%, but then fell 15%. Now, traders are watching to see if this social momentum can do what Elon Musk once did for Dogecoin.
Price Movements of Pepe According to market data, the price of $PEPE hit its upper resistance after Trump's post. A brief surge brought a 5% gain. Then, profit-taking and broader market pressure led to an 18% correction. The change in momentum shows how quickly things can change in the meme coin world. A small tweet or post can make prices spike, but just a little selling can push them down again.
Drama and Speculation Trump's message saying he is 'on a mission from God' makes it seem like he has a special purpose, not just a political goal. The dark street scene and the words 'nothing can stop what is coming' suggest that something big is on the way, even if he does not explain. This kind of rhetoric can excite his most loyal supporters—especially fans of $PEPE —because it seems dramatic and urgent.
Chart Patterns in Focus Based on reports from chart observers, PEPE appears to be forming a cup and handle pattern that began about five months ago. If the coin breaks above the handle, some say it could reach $0.000026—the double of its current level. At the moment, the MACD line is below the signal line after a recent death cross, suggesting a short-term downward trend. The RSI has dropped towards 52 and may cross below soon, which could keep sellers in control. The Fibonacci retracement level of 0.618 is at $0.00001 and may act as a recovery point. If this level gives way, traders will look to $0.000008 as the next support.
Tariff Decision Adds Pressure Based on records from the U.S. International Trade Court, the court reversed Trump's tariff suspensions almost at the same time PEPE surged. This move seems to have dampened the market's risk appetite. For many traders, broader trade news may be a bigger factor than any isolated tweet. If traders are concerned about tariffs and slower growth, they often sell riskier assets like meme coins. This mix of social hype and market concern helped push PEPE down after its brief rally.
Looking to the Future for Traders Based on this mix of social excitement and chart signals, more than just a hint in a post will be needed to keep PEPE rising. If the coin can break its current resistance by mid-June, $0.000026 seems to be the main target. But a declining MACD and RSI point to more selling pressure first. Traders should watch the 0.618 level at $0.0.
