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“PEPE is showing strength after a clean breakout above the key resistance zone,” UniChartz shared in a recent poston X, highlighting a decisive shift in the meme coin’s short-term momentum. The breakout reflects renewed buying pressure as the price pushed beyond a major barrier that had previously capped upside moves. PEPE Finds Its Footing at Strong Confluence Zone
The analyst further noted that PEPE is now “in the process of retesting that breakout level,” calling it “a classic bullish confirmation if the zone holds.” This retest phase is a critical moment; if bulls successfully defend the newly formed support zone, it could open the door for another leg higher. Overall, the price action suggests that bullish momentumis building, with the current consolidation acting as a potential launchpad for the next move upward. Related Reading Pepe Makes It To Trump’s Feed—Is A Crypto Endorsement Next? 5 days ago
According to UniChartz, PEPE’s price action continues to respect a well-established rising trendline, which has acted as reliable dynamic support over the past few months. This trendline has been tested on multiple occasions, each time resulting in a bullish reaction, a strong indication that buyers are stepping in during these retests. Furthermore, this diagonal supportaligns closely with a key horizontal demand zone, forming a critical confluence that strengthens the overall bullish structure. Source: UniChartz on X
As long as PEPE stays above these intersecting support levels, the market structureremains tilted in favor of the bulls. The price consolidating in this region suggests a potential accumulation phase, where market participants are preparing for the next move.
Should PEPE bounce strongly from this confluence area, it could mark the beginning of a renewed upward leg, potentially attracting fresh buying interest and reinforcing positive sentiment. Such a move would confirm the trendline’s significance and validate PEPE’s ability to maintain its medium-term uptrend amid broader market uncertainty. Volume Supporting The Bullish Shift
Accordingto Whales_Crypto_Trading, PEPE has broken out of its descending channel with impressive volume, signaling a potential shift in momentum for the meme coin. PEPE’s breakout was backed by a notable surge in trading activity, indicating strong interest from marketparticipants and potentially the involvement of larger players. Related Reading PEPE Rising Trendline Holds Firm: A Reliable Launchpad For Price Rally 1 month ago
The analystemphasized that if the current retest of the breakout zone holds, it may act as a launchpad for further upside in the upcoming weeks. This kind of technical retest, when supported by volume, often serves as a validation of trend reversal and reinforces bullish sentiment. PEPE trading at $0.000012 on the 1D chart | Source: PEPEUSDT on Tradingview.com Featured image from Medium, chart from Tradingview.com