Pepe price consolidates near apex of triangle as bulls target $0.00001267 breakout
Pepe price forms a tightening triangle with bulls testing resistance at $0.00001267
Pepe price today is trading near $0.00001244 as of June 4, reflecting a slight intraday gain of 0.14%. After rebounding from support at $0.00001134, the token has entered a phase of sideways consolidation, coiling within a symmetrical triangle on the 4-hour chart.
Key highlights
- Pepe trades inside a tightening triangle as price nears resistance at $0.00001267.
- Breakout above $0.00001340 could open path toward $0.00001500–$0.00001620 zone.
- Failure to hold $0.00001200 may expose support at $0.00001134 or deeper toward $0.00001080.
This technical setup signals mounting pressure as price approaches the apex, with traders now closely watching for a breakout above the $0.00001267 barrier.
Price compression tightens beneath resistance
On the 4-hour chart, Pepe is showing a narrowing range between higher lows and lower highs, forming a symmetrical triangle pattern. Price is hovering just under $0.00001267, a confluence of the triangle’s upper bound and the 100 EMA. The Ichimoku Cloud also aligns with this resistance zone, reinforcing its significance. A confirmed breakout with volume could trigger a sharp move toward $0.00001411 and possibly $0.00001500.
PEPE price dynamics (Source: TradingView)
On lower timeframes, the 30-minute RSI is flat near 49.95, indicating neutral sentiment, while MACD is on the verge of a bullish crossover. The Bollinger Bands are compressing, typically a precursor to heightened volatility. These technical signs suggest the market is awaiting a catalyst to break out of the current range.
Support base remains stable, but downside risks persist
Support between $0.00001200–$0.00001210 has held firm since June 3, reflecting possible accumulation. However, a drop below this range could send the price back to $0.00001134—its recent bounce point. If that fails to hold, deeper downside targets lie near $0.00001080 and $0.00000960.
On the weekly chart, Pepe remains above the 0.236 Fibonacci retracement, indicating buyers are still active at lower levels. A weekly close above $0.00001267 would increase confidence in a potential bottoming structure, while a drop below $0.00001134 would negate the current bullish thesis.
In earlier coverage, we noted that Pepe's price was attempting to reclaim strength after a deep correction. Since then, price action has formed higher lows, and momentum has stabilized near the 0.00001200 base. The current symmetrical triangle structure presents a pivotal moment that may define the next leg—either upward or downward.
