The price of Pepe Coin (PEPE) is now on the rise, as it has formed a key chart pattern on its daily time frame. Lately, the Ethereum-based meme coin has noticed its 50-day Simple Moving Average (SMA) moving above its 150-day SMA, which is seen as a positive signal for bulls. The surge is linked to Bitcoin’s rise to $105,000, which made other traders more optimistic.
Source: CoinMarketCap
At press time, PEPE is trading at $0.00001244, an increase of 1.39% during the day. The 24-hour trading volume has dropped 17% to $880 million, PEPE’s short-term uptrend from May remains poised to advance.
Technical Chart Points to Key Resistance at $0.000016
Data from the past suggests that PEPE often sees huge gains after crossing over to another market. A few weeks ago, the price went up by 175% to $0.000026 after just two weeks. If the same trends appear, PEPE might challenge the $0.000029 price. The rally cannot happen until the price goes over a considerable resistance at 0.000016.
Prices have not been allowed to rise again, which was most obvious in the final quarter of 2025. A touch of $2 may mark the area that supports the price increase.
Suggestion of a Recovery Phase from Recent Market Indicators
After hitting a local low of $0.0000114, PEPE is trying to recover and reach its previous heights. The market has consolidated due to a past decline that started at the end of 2024. The RSI in the past day shows a descending trend, remaining over 50. A reversal from here could show the market is still in the hands of the buyers.
Source: Tradingview
The Moving Average Convergence Divergence (MACD) is approaching a possible bullish turn, yet more evidence is still required. The construction presently points to the possibility of further upward movement as long as any resistance is overcome by increased trade volume.
<p>The post PEPE Price Forecast: Bullish Chart Pattern Hints at Rally to $0.000029 first appeared on Coin Crypto Newz.</p>
