- PEPE approaches $0.000015 resistance after 59% monthly gain and rising trading volume.
- Trump’s post and whale activity push PEPE’s market cap above $6B with $1.63B in daily volume.
- RSI at 58.19 and MACD crossover indicate bullish momentum as analysts eye $0.0000168 target.
PEPE is gaining renewed market interest following a sharp increase in price and trading volume. The frog-themed meme coin is currently trading at $0.00001369, with social media speculation and high-profile mentions contributing to the surge. Analysts are now evaluating whether PEPE’s bullish momentum could support a long-term breakout leading into 2025.
Trump Post Sparks Speculation, Trading Volume Jumps
A recent image posted by U.S. President Donald Trump on Truth Social featured the PEPE mascot in the background. According to an observation by Coinglass, this event was followed by a 7% price increase and a surge in PEPE’s daily trading volume, reaching $1.63 billion.
The PEPE market cap now exceeds $6 billion, placing it among the top meme coins. Whale activity has also increased, with over 2 trillion tokens moved from Bybit to unknown wallets. Coinglass data shows that open interest in PEPE futures rose by 11%, reaching $668 million.
According to Rodney, who posted on X, “We’re up 59% on the month. The frog goes higher.” PEPE’s performance in May has been steady, recording a monthly low of $0.00000762 and a high of $0.00001508.
Price Structure Points to Continued Uptrend
PEPE is nearing the $0.00001500 resistance level after trading in a consolidation range since May 9. The range’s lower boundary remains at $0.0000119, offering a key support level.
The current RSI stands at 58.19, reflecting growing buying pressure. Meanwhile, the MACD line is above the signal line, supporting the bullish setup. Short-term charts show the price recently bounced off a local low and may now test $0.00001470.
A breakout above this level could result in a rally toward the 50% Fibonacci retracement at $0.0000168. The Bull Bear Power (BBP) indicator at 0.00000074 shows mild bullish bias. Technical analysts are monitoring these levels closely as PEPE positions for further movement.
