- PEPE flips $0.00001050 resistance as volume spikes on fresh bullish breakout
- Rising channel holds strong with $0.00000960 acting as a key intraday level
- Bull’s eye $0.00001300 and $0.00001500 if price stays above short-term support
PEPE has broken above a one-month descending trendline while holding firm inside a rising parallel channel. Price trades around $0.00000980, and traders are closely tracking this move as momentum builds.
PEPE Flips Structure as Bulls Regain Short-Term Control
After weeks of pressure beneath a descending trendline, PEPE broke above $0.00001050 with a strong bullish candle. This move ended the lower-high pattern that started after May’s top near $0.00001720. Volume picked up during the breakout, pulling buyers back into the market just as volatility returned.
Source: (X)
Earlier, PEPE found a bottom around $0.00000880-where buyers stepped in and shifted the short-term trend. The trendline rejected the price twice, once near $0.00001350 and again at $0.00001200, but those levels were finally cleared. Now trading near $0.00001100, PEPE is building higher lows with short bursts of upside strength.
For traders watching structure, the $0.00000900 support is still key. That move started the rally and turned the trend. Staying above $0.00001050 keeps $0.00001300 and $0.00001500 in focus.
Rising Channel Holds as Price Trades Near Midline
On the 4-hour chart, PEPE has respected a clean ascending channel since June 23. Resistance has formed around $0.00001105, with firm support near $0.00000860. PEPE has bounced off the midline several time-now sitting close to $0.00000960-as traders wait for confirmation.
Since June 24, the price has formed steadily higher highs and higher lows. PEPE rejected topside moves on June 30 and July 3 near $0.00001080 and $0.00001100. That zone now acts as short-term resistance, but the overall trend remains constructive.
Source: (X)
Volume is active at 704.74B, showing that market interest hasn’t faded. If buyers defend $0.00000960, the price could retest $0.00001100 soon. A drop below that brings $0.00000880–$0.00000860 back into play.
The breakout remains valid, and PEPE stays in focus as the structure continues to hold.. Traders are watching each move closely, especially with clear levels and rising activity setting the tone.
