PEPE maintains price above $0.00001201 support after completing a weekly breakout and retest.
Resistance remains at $0.00001260 on the daily chart, with $0.00001611 as the next weekly target.
Trading volumes exceed 23.62 trillion PEPE, signaling active participation during consolidation.
PEPE, a well-known meme cryptocurrency, is showing sustained momentum following a recent breakout and retest on the weekly timeframe. The asset’s current price stands at $0.00001211, reflecting a 0.7% increase over the past 24 hours.
This move follows a steady upward push that has so far accounted for around 10% growth from recent levels. The market information demonstrates that the lowest possible PEPE price is $0.00001201, and the highest possible price is $0.00001260. It is worth noting that the highest bound of the last 24-hour line also reached as high as $0.00001269, as a new low was recorded at $0.00001195.
Breakout Retest Holds as Price Consolidates Above Support Zone
Recent TradingView data highlights that the breakout pattern, identified by a long-term descending trendline, has been completed and retested. The weekly chart indicates that the price action has established higher lows, consolidating above the breakout zone. The green zone on the chart marks the identified support area, with significant historical activity around $0.00001145 to $0.00001155.
Additionally, resistance lines are plotted at $0.00001611 and $0.00002842, aligning with previous peaks. This technical configuration suggests that price is holding above key support while moving within a defined upward channel. The breakout level, once a resistance zone, is now functioning as a floor for price stability in the short term.
Buying Interest Holds as Price Consolidates Near Range Highs
On Binance’s daily chart, PEPE is priced at $0.00001260, marking a 2.27% rise within the last trading session. The 24-hour high matches the earlier mentioned $0.00001269, with total trading volume reaching 23.62 trillion PEPE and 289.36 million USDT. Action on shorter time frames reveals persistent buying interest above the price of $ 0.00001200, which means that market participants are keen on holding the prevailing support level.
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The upward volatility to resistance is also notable; there are corresponding volume spikes on the action to the resistance indicating active interest at important prices. This aligns with the observed consolidation phase, which is holding near the upper boundary of the range.
Support and Resistance Outlook
Any further resistance is throughout the $0.00001201 and deeper at around $0.00001145. Resistance is limited to $0.00001260 on the daily chart, and the next significant resistance on the weekly chart is at $0.00001611. A move above this level would place $0.00002842 in focus, which represents a significant previous peak.
The ongoing price structure shows tight alignment between short-term and long-term technical markers. This convergence may guide upcoming trading behavior as the asset continues to respect established support and resistance levels.
