PEPE price breaks out from compression range as price targets key Fibonacci levels
PEPE price clears compression zone with bullish breakout toward $0.000015 target
PEPE price is showing renewed strength as the memecoin breaks decisively out of its recent consolidation range, climbing above the $0.00001330 mark on increasing volume. The 4-hour chart displays a clear move through the 200 EMA and a bullish alignment of the 20, 50, and 100 EMA cluster.
Highlights
- PEPE price breaks above $0.00001330, confirming a bullish breakout from compression with rising volume
- Technical indicators show expanding Bollinger Bands, EMA support, and Fibonacci alignment to $0.000015
- Sustained hold above $0.000013 could push PEPE toward $0.00001590, with key support at $0.000012
With the Bollinger Bands expanding rapidly, the breakout appears supported by momentum and rising volatility, suggesting that a new leg upward could be forming.
Trendline breakout reinforces bullish structure
PEPE’s breakout follows the clean invalidation of a descending trendline that had capped price since mid-May. The breakout has also reclaimed the $0.000012–$0.00001240 zone, which now acts as a flipped support.
PEPE price dynamics (Source: TradingView)
The 30-minute chart further confirms this structure with a breakout from an ascending triangle, setting up potential upside toward $0.000014 and $0.000015. The RSI has jumped above 73, signaling strong momentum, while the MACD histogram is widening in positive territory—indicating bulls are in control for now.
Fibonacci targets support continued upside if levels hold
The daily structure supports this bullish outlook, with PEPE pushing through the 0.382 and 0.5 Fibonacci retracement levels from its $0.00001631 peak. If price holds above $0.00001370, the 0.618 Fib at $0.00001405 and 0.786 at $0.00001504 are within range. The bullish extension target lies near $0.00001997, contingent on price staying above the $0.00001250 level. Despite the overbought RSI, the breakout remains structurally sound unless the price slips below $0.000013.
In prior analysis, we noted PEPE compressing below a major trendline while testing key support levels. That setup has now resolved to the upside with a strong volume-backed breakout. The $0.000012 support zone remains crucial for any pullbacks, while a move above $0.00001370 would solidify short-term bullish dominance.
