PEPE price pauses rally as bulls defend key support amid consolidation phase
PEPE consolidates below key resistance after rallying from early July breakout zone
PEPE Coin is showing signs of cooling after an extended rally, with the price facing resistance near 0.00001320. The memecoin surged from support at 0.00001025 but is now encountering headwinds just beneath the 0.00001330 supply zone, where a double top pattern is developing on the 4-hour chart.
Highlights
- PEPE faces resistance at 0.00001320 with a double top forming and Bollinger Band contraction
- Price holds above 20/50 EMA cluster near 0.00001230, with support at 0.00001185–0.00001155 in focus
- A move above 0.00001390 opens path toward 0.00001500, while loss of 0.00001155 risks deeper pullback
A bearish rejection candle near the upper Bollinger Band, followed by band contraction, has led to sideways action near 0.00001248—now a critical support confluence with the 20 EMA.
PEPE price dynamics (Source: TradingView)
Despite this hesitation, the broader daily structure remains bullish. PEPE recently broke out of a descending trendline formed in March and reclaimed the 0.00001200 level, now acting as a short-term floor. Holding above the 0.00001185–0.00001200 region is essential to maintain bullish bias, while a close above 0.00001390 would confirm trend continuation toward 0.00001500 and potentially 0.00001780.
Technical levels show support intact despite slowing momentum
The 4-hour chart shows price holding above key dynamic supports, with the 20 and 50 EMAs at 0.00001230 and 0.00001155, respectively. Both are positively aligned, and the 100/200 EMAs offer deeper support at 0.00001096 and 0.00001079. The Supertrend remains in buy mode, with its trailing support near 0.00001158.
However, momentum indicators are flashing early caution. The RSI on the 30-minute chart stands neutral at 49.50, after failing to break into overbought territory. MACD is flattening, and histogram bars are fading. On the 4-hour chart, the Directional Movement Index still favors bulls (+DI at 37.70 vs -DI at 25.79), but the ADX slope has started to decline, suggesting weakening trend strength.
Traders watching 0.00001200 for breakout continuation
If buyers manage to defend the 0.00001200–0.00001185 region, another push toward 0.00001400 remains likely in the short term. A breakdown below 0.00001155, however, could shift the structure bearish and target 0.00001050 or even 0.00001025. The coming sessions will determine whether PEPE’s current move is a pause within a larger uptrend or a reversal toward prior demand zones.
In earlier coverage, we highlighted the 0.00001025 breakout as the base for bullish continuation. The move toward 0.00001320 played out in line with expectations, and focus now shifts to whether bulls can defend 0.00001200 to extend the rally.
