PEPE pushed above the $0.0000135 resistance, signaling a bullish trend as meme coins and ETH continue their upward momentum.
Rising volume, a bullish MACD, and RSI at 66 point to strong buying interest and continued price movement potential.
The next resistance zone is $0.0000155, which could open the door for PEPE to push toward a new all-time high.
The meme coin Pepe (PEPE) has broken a major level of resistance, which indicates a possible breakout following the spur of meme coin momentum and trading actions.
PEPE Breaks Key Resistance at $0.0000135
Pepe has decisively pushed above the resistance level of $0.0000135, a zone that previously capped upward movement. This move is viewed as a resistance-turned-support scenario, marking a technical shift in trend. According to a tweet by analyst Lark Davis, this breakout level was critical to initiating bullish momentum.
https://twitter.com/TheCryptoLark/status/1947490940421046470
The price is trading at $0.00001386, reflecting an 8.46% increase over the past week, despite a minor 24-hour dip of -0.41%. With Ethereum and several meme tokens already posting gains, traders are now closely monitoring PEPE for follow-through price action.
Market Indicators Support PEPE’s Uptrend
Technical indicators suggest that PEPE’s rally may have more room to run. The MACD is again in bullish zone and MACD line is above the signal line. The histogram, in its turn, points to positive move, which drives the present trend.
RSI levels are at 66, which means that there is room to rise until reaching the overbought territory. This provides a potential cushion for continued price movement. Rising volume levels further validate growing buying interest, strengthening the case for continuation.
Next Resistance Target Set at $0.0000155
Lark Davis emphasized that $0.0000155 is the next breakout target for PEPE. This level may see some profit-taking pressure, but surpassing it could pave the way for a rally toward new highs. The tweet also noted that many meme tokens and Ethereum have already surged, leaving PEPE well-positioned for follow-up action.
As bullish sentiment grows, traders remain alert for the next leg up. Market participants now shift focus to PEPE’s ability to maintain momentum above current support and challenge the upcoming resistance.
