PEPE price is starting to look bullish again after breaking out of its downtrend earlier this month. We had a look at the Chart on TradingView, the meme coin has flipped several key levels and is now heading toward a key resistance zone between $0.00001480 and $0.00001550.
The move follows weeks of sideways trading and signals that buyers are back in control, at least for now.
After spending most of June stuck under a falling trendline and the 100-period Simple Moving Average (SMA), PEPE price finally broke through both. That breakout was followed by a clean shift in structure.
The chart marks two “Break of Structure” points, first when the price pushed above a recent swing high, and again when it continued higher past the consolidation zone. These moves confirmed a clear change in trend.
PEPE Support Holding Near the 100 SMA
PEPE Price is now well above its 100 SMA, which currently sits near $0.00001095. That level also lines up with the recent breakout zone and is marked as strong support.
If PEPE pulls back from its current range, this is the area traders will be watching for a possible bounce. The structure of the PEPE chart shows healthy momentum.
PEPE price is going up with a series of higher highs and higher lows, which generally means buyers are stepping in on dips. As long as it holds above $0.00001095, the uptrend is in place.
PEPE Price Pushes Higher as Bulls Hold Momentum at Resistance
The next major test is the resistance zone just above the current price. This area has acted as a ceiling before, so traders will be watching to see if PEPE price can break through with volume.
If it gets rejected, a pullback to the zone of support wouldn’t surprise. At least for now, at least, the trend remains positive.
The clean break from the downtrend, the structure shifts, and strong candles suggest bulls are driving the price action. Whether PEPE can power through the resistance zone will likely set the tone for what’s next.
Read Also: GPT Predicts Whether PEPE Can Flip Shiba Inu in 2025
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