🐸 $PEPE Makes Waves — Is the Meme Coin Revival Starting❓❓
Crypto buzz surged after former President Donald Trump posted a cryptic message on Truth Social on May 29, which many interpreted as a subtle nod to the PEPE meme coin.
What Happened:
PEPE jumped 5% within three hours of the post, before sliding 15% amid profit-taking and market pressure.
The sharp swing underscores how sensitive meme coins are to social media signals — and how quickly sentiment can flip.
Trump’s Post:
With talk of being “on a mission from God” and phrases like “nothing can stop what is coming,” the dramatic tone stirred excitement among meme coin enthusiasts, especially PEPE fans.
Market Outlook:
PEPE’s chart is forming a cup-and-handle pattern that began five months ago.
If it breaks above the handle, it could target $0.000026, nearly double its current price.
Immediate support lies at the 0.618 Fibonacci level ($0.00001). If it fails, the next support zone is around $0.000008.
Additional Factors:
U.S. Court rulings reversing Trump’s tariff suspensions coincided with PEPE’s price top, dampening investor risk appetite.
While social buzz can fuel short-term rallies, lasting gains may require solid technical breaks and market stability.
Declining MACD and RSI hint at more downside pressure before any real breakout.
Conclusion:
PEPE may be primed for a run by mid-June — but only if it can break through resistance. Until then, traders remain cautious, watching both the charts and the tweets.
