PEPE price consolidates below key breakout zone with bullish structure holding above $0.000012
PEPE consolidates inside triangle structure, holding above $0.00001200 as volume remains subdued
Pepe (PEPE) is testing a critical technical area as the asset trades just above a key mid-range support zone. After rebounding from early 2025 lows, the token is forming a bullish weekly candle above the $0.000012 level. This region coincides with the 0.382 Fibonacci retracement from PEPE’s all-time high to its 2024 low, a level that has historically served as a key pivot.
Key highlights
- PEPE holds above $0.00001200 as bulls test breakout from descending triangle
- Price struggles to clear $0.00001250 resistance with volume still muted
- Short-term momentum indicators show early signs of consolidation or retracement
A sustained weekly close above $0.00001150 may solidify a medium-term support base and potentially set the stage for a push toward the 0.5 retracement near $0.00001400.
PEPE price dynamics (Source: TradingView)
On the daily chart, PEPE is attempting to break free from a symmetrical triangle pattern formed since April. Price has pierced the descending trendline but continues to face selling pressure near the $0.00001230–$0.00001250 band. A breakout with strong volume could open upside toward $0.00001390 and the key pivot at $0.00001578. On the downside, a loss of $0.00001094 trendline support would weaken the current structure.
Short-term charts show neutral momentum amid narrowing volatility
The 4-hour timeframe shows price consolidating just above the 200 EMA, with resistance around $0.00001300 still capping progress. Bollinger Bands are narrowing, reflecting reduced volatility ahead of a possible breakout. On the 30-minute chart, RSI has dropped to 44 while MACD is flattening, suggesting weakening momentum. However, support around $0.00001200 continues to hold.
Ichimoku Cloud signals on lower timeframes remain neutral. Price is hovering inside the cloud with Tenkan and Kijun lines flat, while the Stoch RSI has turned lower from overbought territory, hinting at a potential near-term retracement. Still, broader trend support remains intact as long as $0.00001175–$0.00001200 holds.
In earlier coverage, we noted that PEPE was approaching the apex of a large triangle formation, with $0.00001200 acting as structural support. That zone continues to hold, and while short-term signals reflect hesitation, the broader pattern supports potential upside if bulls can force a close above $0.00001300.
