The memecoin PEPE is making a comeback with a remarkable 25% surge this week, fueled by increased trading volumes on Binance and Bitget. Investors eyeing the next post-BNB and DOGE boom are flocking in. Beyond the hype, technical indicators reveal a nuanced picture - a bullish scenario worth closely monitoring.
The technical indicators for PEPE are sending divergent messages depending on the timeframe observed. On the daily chart, moving averages generate a “strong sell” signal, reflecting persistent selling pressure. Oscillators remain in neutral territory, providing no clear short-term direction.
The situation becomes more interesting on the 4-hour chart. Moving averages are progressively shifting into “buy” territory, signaling increasing buying pressure that could fuel short-term rallies. This divergence between timeframes illustrates the token’s current transition phase, caught between bearish and bullish forces.
Analyst Ali recently identified a concerning chart pattern: a Head and Shoulders formation on the PEPE/USDT pair. The price has already broken below the neckline at $0.00000075, technically confirming the breakdown. If this bearish configuration fully materializes, Fibonacci extensions project targets at $0.00000055, $0.00000035, and potentially $0.00000019.
Memecoins continue to prove they can defy gravity — and PEPE is once again at the center of the game. In a context of a global market rebound, this ultra-volatile token attracts high-risk, high-reward traders. On Bitget, you can trade PEPE/USDT right now, and take advantage of USDT deposit offers to maximize your positions before the next pump. Here’s how:
Several macro factors are currently fueling the bullish sentiment around PEPE. The presidential pardon granted by Donald Trump to Changpeng Zhao, former CEO of Binance, has reignited crypto discussions in mainstream media. This unexpected political event revives speculation that the market could enter a new bullish phase supported by a more favorable regulatory environment.
The media coverage around PEPE has literally exploded in recent weeks. Memecoins traditionally thrive on hype and viral attention, and PEPE is currently benefiting from massive exposure that attracts new retail traders. This fresh liquidity influx could create the buying pressure needed to test major resistance levels.
For PEPE to reclaim its all-time high, it will need to break through several critical resistance levels. Analysts identify a first friction zone between $0.0000078 and $0.0000082. A clean break above this range, accompanied by significant volume, would open the path toward previous highs. The increased volatility near these technical zones makes trading particularly risky but potentially lucrative for those who know how to manage their exposure.
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