Will PEPE Explode Past Resistance? Why Traders Are Eyeing a Double-Digit Breakout

Pepe hinges on a potential major bullish move—a double-digit breakout could push it back into the “best crypto to buy” conversation.

The sell-off imposed by recent economic uncertainty—recession fears bolstered by Trump’s planned “tariff war” escalations—appears to have been priced in.

The days since have seen a “buy-the-dip” event unfold, boosting the meme coin to a $0.0000078 peak, though momentum has reigned in today with a 1.79% decline.

PEPE Price Analysis: Why Traders Aim for Double-Digit Gains

Coinglass data shows that Pepe’s long/short ratio hit one of its highest points over the past month at 1.04, before slipping to 0.99 today.

Pepe long/short ratio chart, month peak. Source: Coinglass.

A ratio above 1 reflects bullish sentiment, as more traders bet on price increases.

The rise and subsequent fall coincide with a potential rejection at the multi-month resistance trendline—mirroring past failed attempts.

PEPE / USDDT 1-day chart, falling wedge pattern. Source: Binance.

Still, Pepe nears a potential confluence zone where this resistance meets a long-term support level that has guided lows since mid-2024.

If this level holds, PEPE could retest the resistance—part of a falling wedge pattern that guided price movements since early December.

This scenario remains credible, as the MACD evades a potential death cross, holding strong in its position above the signal line with dominant buying pressure.

The Relative Strength Index (RSI) is also favorable, trending upward toward a neutral 50 after being stuck in a sideways trend near the oversold threshold since early February.

A pattern breakout targets highs of $0.00002, marking a 175% gain from current levels.

However, a retest of April’s highs at $0.000015—a 55% gain—seems more realistic in the short term given the bearish market backdrop.

It should be noted that while signals lean bullish, they remain weak. A breakout will likely require stronger buying pressure.

This New ICO is Helping Traders Get Ahead of Breakouts

While sentiment is improving, the market remains weighed down by FUD from recent economic uncertainties—few coins are catching tailwinds.

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At the time of writing, MIND has raised over $7.8 million in its ongoing presale, capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents.

You can keep up with MIND of Pepe on the mentioned socials, or join the presale on the MIND of Pepe website .