PEPE Meme Coin Shows 4% Rally, Awaits Breakout

PEPE, a meme coin, is currently experiencing a period of consolidation and selling pressure in the crypto market. However, recent technical signals on both daily and hourly charts suggest that PEPE may be on the verge of a significant breakout. The daily chart shows a modest rally of over 4% in the last 24 hours, with the price hovering slightly below the 50-day Simple Moving Average (SMA). This indicates a possible breakout setup, although the 100-day and 200-day SMAs remain far above, suggesting significant overhead resistance. The Accumulation/Distribution Line (ADL) has slightly ticked down despite the price rise, indicating that while retail interest may be increasing, large players or institutions are not yet accumulating in bulk.

The hourly chart reveals that PEPE has been gradually climbing back from a local low, reclaiming short-term moving averages along the way. The price is currently facing resistance from the 200-hour SMA, but it is comfortably above the 20-, 50-, and 100-hour SMAs, suggesting that bulls are gaining control in the short term. The structure resembles a bullish flag breakout, with volume picking up slightly in recent sessions. However, the ADL on the hourly chart has been relatively flat, confirming that although the price is pushing upward, there isn’t yet strong backing from volume or large wallets.

From a pattern standpoint, PEPE is trying to break out of a descending channel that started forming back in early February. If bulls can hold the current zone and push decisively past the $0.00000077 resistance, then the next likely targets are $0.00000090 and eventually $0.00000115 — which aligns with the 100-day SMA. However, failure to break and hold above the 200-hour SMA in the short term could send PEPE price back into the $0.00000068 to $0.00000070 range, where it’s seen strong support over the past week. Momentum remains tentative, and the real confirmation will come only when PEPE breaks above the SMA cluster between 50-day and 100-day with strong volume.

For now, traders should watch for a clean breakout above $0.00000074, ideally supported by a rising ADL and increased Heikin Ashi candle body size, which would confirm sustained buying pressure. PEPE’s price structure is showing signs of short-term bullish revival, especially on the hourly chart. However, the daily chart suggests caution — larger trendlines are still unbroken, and volume hasn’t fully returned. If momentum persists and is backed by strong inflows, PEPE could challenge its next local resistance at $0.00000090 in the coming days. But until we see confirmation via breakout volume and institutional accumulation (reflected in the ADL), the rally remains speculative. For now, PEPE is poised — but not yet committed — to a massive rally.