PEPE price eyes upside after breaking key resistance zone
PEPE reclaims $0.00000100 after wedge breakout, with bulls targeting higher resistance near $0.00000130
PEPE has reclaimed the psychologically important $0.00000100 level, registering a bullish technical breakout following weeks of price compression. The meme token broke above a descending wedge structure that had limited upward movement since early June, marking a short-term shift in momentum.
Highlights
- PEPE reclaims $0.00000100 as breakout confirms shift in momentum from multi-week compression
- Price stalls near $0.00000115, with next upside zone seen at $0.00000130–$0.00000133
- Daily CMF and MFI remain bullish, but a close below $0.00000100 risks breakdown into prior range
Price is now holding near $0.00000110, the upper limit of a prior supply zone, and bulls are aiming to confirm continuation with a daily close above this threshold.
Momentum moderates as bulls eye next upside target
On the 4-hour chart, PEPE rose impulsively from $0.00000098 to $0.00000115 before stalling near the next supply barrier. The move was supported by a rising trendline from the July 5 low, and the breakout zone now acts as support. A sustained hold above $0.00000100 would validate the breakout and open room toward $0.00000130–$0.00000133, where the token previously met resistance in May. On the downside, failure to defend $0.00000100 risks invalidating the structure and pulling price back to $0.00000096 or even $0.00000090.
PEPE price dynamics (Source: TradingView)
Intraday indicators are showing initial signs of exhaustion. The 30-minute RSI has slipped to 52, cooling off from earlier overbought levels, while MACD is weakening and showing signs of a bearish crossover. These developments hint at potential sideways action or a pullback unless renewed buying demand lifts price decisively above $0.00000115.
Money flow indicators back broader bullish bias
Despite short-term moderation, higher-timeframe signals remain positive. The daily Chaikin Money Flow is holding in positive territory at 0.02, while the Money Flow Index has climbed to 64. Both indicators suggest that bullish volume remains intact, but a daily close above $0.00000110 is needed to confirm strength. The structure remains bullish so long as $0.00000100 holds as a support base.
In prior updates, we noted the growing compression beneath $0.00000100 and flagged the descending wedge as a potential bullish reversal pattern. That breakout has now played out, with price confirming initial strength. As long as bulls hold this zone, the path remains open toward the $0.00000130–$0.00000133 range, with any drop below $0.00000100 negating the breakout.
