PEPE Coin Price Surges 37%, But Can It Break Resistance?

PEPE Coin price surges by a surprising 37% in just one month. This meme-inspired token, featuring the iconic frog character, has once again captured traders' attention. 

But with a major resistance zone looming ahead, the big question is, can PEPE Coin price sustain its momentum or is a pullback inevitable?

PEPE Coin Price Surges

Source: CCN

PEPE Coin price started the month hovering around $0.0000097, but as of now, it's trading near $0.000013. 

That marks a solid 37% gain, fueled largely by meme coin hype, increased social media engagement, and broader bullish trends in the crypto market, especially ETH recent price climb.

However, despite this sharp upward movement, on-chain data shows that PEPE is at a crucial tipping point. 

There’s a significant resistance zone at the current price level, making it harder for PEPE to push higher without new buying pressure.

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PEPE Coin Resistance Level

One of the main challenges PEPE Coin now faces is the heavy supply zone around $0.000013. Roughly 5,970 wallet addresses are holding a combined 40.28 trillion PEPE tokens at a loss around this price. 

That means a lot of holders are likely waiting to sell once they break even, creating downward pressure on the token.

In contrast, support levels between $0.000011 and $0.000012 aren't as strong. Without fresh bullish momentum, PEPE could start trending downward again, with a possible drop back to $0.000011 or even $0.0000085 in a worst-case scenario.

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PEPE Coin Price Shows Bullish Technical Patterns

Despite this bearish setup, some crypto analysts remain optimistic. A pseudonymous trader named Jameson pointed out an inverse head and shoulders pattern forming on the PEPE/USD chart. If confirmed, this pattern could trigger a breakout, pushing the price into new territory.

Another key factor is Ethereum’s current bullish trend. As ETH continues to rise, meme coins like PEPE often ride the wave. Some traders even speculate that PEPE could eventually challenge Shiba Inu’s (SHIB) market cap if momentum continues.

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PEPE Coin Price Prediction

Although the recent rally has been impressive, predicting what happens next requires a careful look at technical indicators and market psychology. 

The Supertrend indicator on the 4-hour chart has now flipped above the current price, a bearish signal suggesting sellers are starting to dominate.

If this trend continues, PEPE may drop below its current support zone. However, if bulls step in, here’s the PEPE Coin price prediction scenarios:

1. Bearish Case

Target: $0.000011 – $0.0000085

If buyers lose momentum and resistance holds strong, a deeper pullback could unfold, shaking out short-term investors.

2. Neutral Case

Target: $0.000012 – $0.000013

PEPE may consolidate around current levels as bulls and bears battle it out, awaiting a clearer trend confirmation.

3. Bullish Case

Target: $0.000019 – $0.000025

If the inverse head and shoulders pattern breaks upward and social sentiment remains positive, PEPE could test new highs.

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Conclusion

While the PEPE Coin price surge has been impressive, it’s now facing one of its toughest tests yet. With heavy resistance at current levels and bearish indicators flashing, caution is warranted. 

Still, technical patterns and bullish sentiment on social media hint that this might just be a pause before another leg up. For investors and traders, the coming days will be crucial. 

Watching for a breakout above resistance or a breakdown below support could determine whether PEPE becomes the next big meme coin success, or just another short-lived rally.

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FAQ

What caused the PEPE Coin price to surge 37%?

The rally was driven by meme coin hype, bullish Ethereum trends, and social media buzz, which brought more traders into PEPE over the past 30 days.

Is PEPE a good investment right now?

It depends on your risk tolerance. While some analysts see bullish patterns, others warn of a possible pullback due to strong resistance levels.

Can PEPE reach $0.000025?

Yes, but only if the bullish pattern plays out and strong buying pressure returns. Reaching $0.000025 would require breaking through multiple resistance zones.

What is the biggest threat to PEPE’s price?

The biggest challenge is the resistance at $0.000013, where many holders are looking to exit at breakeven. This could cap short-term gains unless demand increases sharply.