- PEPE surged nearly 50% weekly, reaching a nine-month high near $0.0000049.
- Bulls face resistance between $0.0000048 and $0.0000055, with higher targets above $0.0000065.
- Exchange inflows raise profit-taking concerns as traders monitor support and broader meme coin demand.
PepeCoin — PEPE, has delivered a powerful weekly rally, gaining nearly 50% in seven days. The meme coin reached a nine-month high near $0.0000049. Buyers now face a major resistance zone between $0.0000048 and $0.0000055. A breakout could open the door to higher price targets. However, profit-taking could slow momentum near current levels. Traders now watch whether buyers can defend gains and push PEPE through resistance.
PEPE Faces a Major Resistance Test
Analyst Giannis Andreou sees strength behind the latest PEPE recovery. He noted that PEPE holds a higher low above the 2023 base. The analyst identified $0.0000048 to $0.0000055 as the next major test. A weekly close above this zone could strengthen the bullish setup. Such a move would show buyers have absorbed selling pressure. PEPE could then attempt a move toward higher resistance levels.
Andreou sees $0.0000065 to $0.0000075 as a possible next target. A stronger breakout could shift attention toward $0.000009 to $0.0000105. His bullish scenario extends toward $0.000013 to $0.000016. However, PEPE must first clear the immediate resistance zone. Buyers also need strong volume to support any sustained breakout. Without confirmation, resistance could trigger another pullback.
The downside picture remains important after such a sharp weekly advance. Andreou identified $0.0000023 to $0.0000032 as a possible support region. Crypto With Gopal also highlighted the lower trendline as key support. PEPE recently faced rejection near $0.0000054. Buyers now need to defend lower levels before another resistance attempt. Strong support could help maintain the current recovery structure.
Golden Cross Adds Strength as Exchange Flows Raise Caution
Analyst Plazma recently highlighted a golden cross on the PEPE chart. The pattern involves the 50-day and 200-day moving averages. Traders often view such formations as signs of improving market momentum. Still, a golden cross does not guarantee continued price gains. Meme coins can experience sharp reversals after rapid rallies. Market sentiment can also change quickly during volatile trading sessions.
Recent strength across other meme coins has supported the broader sector. Dogecoin moved back above $0.10 during the latest recovery. Shiba Inu also rebounded above $0.0000057. PEPE may continue responding closely to wider meme coin demand. Bitcoin price action could also influence short-term momentum. Strong trading activity remains important after the recent 50% surge. Exchange data provides another factor for traders to monitor.
CoinGlass data shows more PEPE moving from private wallets. Those tokens have recently moved toward centralized exchanges. Higher exchange balances can increase available supply for immediate trading. Some holders may transfer tokens ahead of potential profit-taking. However, exchange transfers alone cannot confirm that selling will follow. The wider crypto market has also shown stronger activity recently.
