• PEPE is consolidating above the 200 EMA with neutral RSI and MACD—setting the stage for a potential breakout in the next 24 hours.
  • PEPE Price action shows tight resistance at $0.00000800; a strong daily close above this level could trigger short liquidations and open up higher targets.

PEPE (PEPE) is quietly building pressure on the daily chart, trading in a tight range between $0.00000768 and $0.00000788. The memecoin continues to hover right above the 200-day EMA, at $0.00000700, a key indicator often used to track long-term momentum.

This base could be the springboard bulls need, but the signals remain mixed right now.

Looking at the 24-hour chart, the RSI is sitting close to 68, a clear indicator to buy and hodl, suggesting a potential bullish breakout. The MACD is flat, meaning there’s little difference between the two lines. This shows the price has no strong momentum right now. But when a coin slows down after big moves, it usually makes another strong move soon.

PEPE Price Eyes Breakout As Bulls Hold Key Levels on the Daily Chart image 0 Source: SosoValue  

Although, Volume is low right now — but that’s not necessarily bad. When trading gets quiet during a tight price range, it often means a big move is coming soon. Historically, PEPE has followed this pattern before rallying, especially when just above long-term moving averages like the 200 EMA at $0.00000700

Looking ahead, Pepe now has a tight structure, with clear support near $0.00000714 and resistance around $0.00000800. These levels have been tested multiple times over the past week but have yet to be broken. That tells us this isn’t just noise—it’s a genuine consolidation zone.

Candle formations are showing indecision, too. The past few daily candles have closed with small bodies and long wicks, signalling equal pressure from both sides. That’s classic behaviour in a coiled-up market just before a breakout.

Further, retail wallets have been loading up again, with a noticeable rise in sub-$1,000 PEPE transactions. According to data from Lookonchain, five wallets recently scooped up 611 billion tokens, totalling over $4 million. These moves show growing confidence from smaller traders — even if the big players (whales) are still sitting out.

What to expect if PEPE breaks above or below range

If PEPE breaks above the $0.00000800 line on substantial volume, it could quickly shoot toward the next resistance at $0.00000890. Beyond that, the $0.00000910 zone — identified by Fibonacci extensions — becomes the next target. That would be a significant shift from the current sideways action and might even trigger short liquidations in the $0.00000760 to $0.00000780 range, forcing quick buybacks from bearish traders.

Conversely, a drop below $0.00000760 would put the $0.00000714 support back in play. That level has held firm in previous pullbacks, but a deeper correction could unfold if it breaks.

With Bitcoin still consolidating around $87,000 and overall market sentiment turning cautious, memecoins like PEPE often become hotspots for short-term action. All eyes are now on the daily close — if PEPE stays above the 200 EMA and breaks past $0.00000800 with volume, it could be game on for bulls .

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