$PEPE Technical Analysis Update – Momentum Builds as Bulls Defend Support

PEPE has shown renewed bullish momentum on the daily chart, rebounding cleanly from key support near $0.00001145. The price action remains constructive with higher lows forming and momentum indicators signaling strength.

The RSI remains in bullish territory, showing that buying pressure persists even after recent cooling. Meanwhile, the MACD continues to print positive readings, albeit with narrowing histogram bars, suggesting a pause rather than a reversal. PEPE’s EMAs also show a healthy bullish alignment, with the 9-day EMA holding above the 20-day.

Immediate resistance sits at $0.00001671. A breakout above this zone could open the door to $0.00001926 and even $0.00002030 in the short-to-mid term. On the flip side, a breakdown below $0.00001145 could expose lower support around $0.00001096.

Traders are eyeing potential long setups on confirmation of a breakout, while short positions may develop if price rejects key resistance levels. As always, risk management remains essential.

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Also read: www.ecoinimist.com/2025/05/16/pepe-price-rebounds-bulls-return