Over the week, the PEPE price dropped to around $0.0000057 and found strong buying support there. It then moved up quickly to about $0.0000065 and is now moving sideways, which usually means the market is taking a short break. If the price remains above $0.0000062, it may attempt to move higher again toward $0.0000068. As of today, the PEPE price shows a sharp upward move from around $0.000006, followed by a strong rally that peaked near $0.0000068 before facing selling pressure. After the peak, the asset entered a mild pullback and is now consolidating around the $0.0000066 area, indicating profit-taking rather than a full trend reversal. At the time of writing, PEPE is trading at $0.00000647, representing a 6.84% increase in the last 24 hours. PEPE’s price action over the past 24 hours (Source: CoinCodex) PEPE Confirms Weekly Breakout as Price Holds Above $0.000006 Support Pepe (PEPE) has completed a weekly breakout followed by a successful retest, reinforcing a potential bullish shift in structure. According to analyst Crypto Candy, the price broke above the descending triangle resistance and then pulled back to retest the former resistance zone around $0.0000059–$0.0000060. This area is holding support, with PEPE currently trading near $0.00000604, indicating that buyers are defending the breakout level. Source: X From a technical standpoint, holding above the $0.0000059 support keeps the bullish setup intact on the weekly timeframe. Crypto Candy notes that a sustained move from this base could allow PEPE to target higher resistance levels near $0.0000157 initially, with a broader upside zone extending toward $0.0000280 if momentum and market conditions continue to improve. PEPE Signals Next Major Upside Move as Long-Term Support Holds PEPE appears positioned for its next leg higher, based on the weekly structure highlighted by analyst 𝐋𝐨𝐧𝐠𝐓𝐞𝐫𝐦. The chart shows price compressing into a falling wedge before breaking out and reclaiming a key long-term support zone around $0.0000058–$0.0000060. This area has historically served as a demand base, and the recent bounce suggests that sellers have been absorbed, setting the stage for renewed upside momentum. Source: X From a broader perspective, 𝐋𝐨𝐧𝐠𝐓𝐞𝐫𝐦 points to a potential expansion move similar to prior cycles. With PEPE currently trading near $0.0000064, a sustained hold above support could trigger a strong continuation toward the $0.000028–$0.000030 region, representing a projected move of roughly 600% from the base. The weekly timeframe reinforces the setup, indicating the move is more aligned with a long-term trend shift rather than a short-lived bounce.
