PEPE Meme Coin Targets $0.000026 With a Post-Retest Jump

With meme coins turning bullish, will PEPE rise from $0.000020 to the critical resistance level of $0.000026?

As Bitcoin continues to hover above the $96,000 mark, the meme coin sector is gaining bullish momentum. The meme coin market cap currently stands at $105.06 billion, with a 4.47% surge in the past 24 hours.

Amid the sector’s recovery, PEPE is positioned at a psychological crossroads at $0.00002032.

PEPE Price Analysis

On the 4-hour chart, the PEPE price trend reveals a bullish rally crossing above the local resistance trend line. This recovery has resulted in a price jump of nearly 13.35% this week from the weekly opening price of $0.000017869, reflecting renewed investor confidence.

PEPE Price Chart

At press time, the breakout rally suggests a double top pattern at $0.00002101, signaling a potential critical resistance level. This indicates the bullish struggle to break above the 61.80% Fibonacci level, a significant barrier to further gains.

However, the recovery has increased the chances of a golden crossover between the 50 and 200 EMA lines on the 4-hour chart, which could attract more PEPE buyers. Additionally, the RSI line is maintaining a sideways track slightly above the midpoint, reinforcing bullish momentum.

Thus, the momentum indicator remains bullish, supporting the continuation of the uptrend.

PEPE Price Targets

Despite the double top reversal chances, the broader market recovery and bullish RSI signal an uptrend continuation. This keeps the meme coin traders optimistic. The 61.80% Fibonacci level breakout at $0.00002122 will mark a buying opportunity for price action traders.

Based on the price trend, the breakout rally will likely challenge the $0.000026917 as it remains the next key significant resistance level. This will further increase the chances of an extended bull run. On the bottom side, a breakdown under the 50% Fibonacci level will test the 38.20% support at $0.000018327, marking a crucial defense zone for the bulls.

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