PEPE price tests resistance at $0.00001285 as bulls aim to reclaim upside structure
PEPE price consolidates near key resistance as bulls aim for breakout above wedge structure
PEPE is trading around $0.00001262 on June 3, posting a modest intraday gain of 0.43% as buyers attempt to push beyond the key resistance zone near $0.00001285. After rebounding from a local bottom at $0.00001115, price has entered a compression zone beneath multiple dynamic resistance levels.
Key highlights
- PEPE trades near $0.00001262, consolidating just below resistance at $0.00001285 after rebounding 13% from lows.
- A breakout above $0.00001285 could open upside toward $0.00001365–$0.00001435 in the short term.
- Failure to hold above $0.00001200 risks a return to $0.00001115 or deeper toward $0.00001000 support.
The current setup places PEPE near a critical inflection point, with ascending support from recent sessions providing the bullish foundation.
Trendlines converge near key technical barrier
On the 4-hour chart, PEPE is now testing a critical dynamic resistance zone defined by the 50 EMA and upper Bollinger Band envelope. Price is compressing between $0.00001255 and $0.00001285 as short-term indicators remain mixed. RSI is holding near 59, MACD shows flattening momentum, and price remains below a confluence of moving averages clustered between $0.00001214 and $0.00001276.
PEPE price dynamics (Source: TradingView)
The 30-minute chart shows an ascending wedge structure, with price consolidating above prior descending trendline resistance. Despite signs of exhaustion, Ichimoku Cloud support remains active, and the Stochastic RSI is nearing oversold territory, suggesting the potential for a short-term upward move.
Broader structure remains corrective but base is forming
On the daily chart, PEPE continues to trade inside a falling wedge pattern with the next major resistance near $0.00001320. Weekly Fibonacci levels show price rebounding from the 0.5 retracement at $0.00001180. A weekly close above $0.00001300 would confirm a structural recovery. However, overhead supply near $0.00001400–$0.00001435 may cap near-term upside unless volume and momentum improve.
Outlook for June 4: A breakout above $0.00001285 may lead to a move toward $0.00001365 and $0.00001435. Alternatively, a drop below $0.00001200 would shift focus back to $0.00001115 and $0.00001000.
PEPE had previously failed to hold above $0.00001450, with momentum stalling near key moving averages. With the price now rebounding from $0.00001115 and retesting prior wedge resistance, a daily close above $0.00001285 could set the tone for further gains into mid-June.
