- PEPE shows RSI compression after 245 days of consolidation, mirroring its last breakout setup.
- Price forms an ascending triangle with key resistance at $0.000000965 and rising volume support.
- A breakout above $0.000000965 could target $0.00009000 as bullish indicators align on multiple timeframes.
Pepe (PEPE) is currently trading at $0.000058769 and showing a weekly RSI squeeze after 245 days of price consolidation. This structure mirrors the 196-day buildup seen before PEPE’s previous breakout, indicating a similar setup forming again. Traders are closely monitoring the chart for signs of an imminent move.
RSI Compression Aligns with Previous Setup as Accumulation Continues
According to analysis prepared by Bitcoinsensus via X, PEPE has remained inside the Logarithmic Support Box for over 245 days. The pattern resembles the one before its last explosive breakout, which occurred after a 196-day buildup.
The current RSI movement on weekly charts is compressed within a tight range, often linked with upcoming volatility. Pepe has been trading in a broad sideways range since late 2023. Price action within this range has remained steady, with accumulation forming a base.
The RSI on both daily and weekly timeframes reflects low volatility, while the MACD recently completed a bullish crossover. These indicators are consistent with previous conditions before a trend reversal.
Volume Trends and Price Action Support Bullish Momentum
According to an observation by GemXbt, PEPE is forming an ascending triangle, typically bullish in structure. Support is located near $0.00000900, while resistance is seen around $0.00000950.
RSI is approaching overbought levels, but volume is rising alongside the recent move, confirming growing interest. Pepe rebounded from $0.000000830 and tested $0.000000917 with increasing momentum. Resistance lies at $0.000000965 and $0.000001052.
A confirmed breakout above $0.000000965 could trigger a continuation toward $0.00009000. The number of holders has reached 453,680, while market capitalization stands at $3.68 billion. Traders are watching for volume to support any breakout confirmation.
