PEPE is trading near $0.00000348 on the weekly timeframe, consolidating after a steady recovery from its recent base. The crypto analyst, Pepe Whale, highlighted that the structure remains constructive, with price action forming higher lows and holding above key support zones.
This gradual compression beneath resistance suggests accumulation as buyers continue defending lower levels with confidence.
Immediate resistance stands at $0.00000400, a barrier that has limited recent upside attempts. A decisive weekly close above this threshold could trigger momentum toward the next objective at $0.00000450.
Such a breakout would reinforce bullish sentiment and confirm strengthening demand as traders anticipate continuation toward higher supply zones overhead.
Also Read: PEPE Enters Ascending Triangle Formation With a $0.0000520 Target in Sight
PEPE Weekly Chart Signals Rally to $0.00001410
Beyond the resistance levels mentioned above, the next levels where the upside is focused include the range between $0.00000920 and $0.00001410.
This is a key area where sellers took back the market in the past. It is a key supply zone. A move into this zone is a significant move on a higher timeframe chart.
Source: X
For now, the bullish continuation pattern holds good if PEPE continues to hold on to its support and sustains its higher-low formation.
If not, then the upward move could be delayed. But if it continues to trade in this consolidation phase around the resistance level, then the breakout possibility is still alive.
PEPE Technicals Point to an Accumulation Phase
According to TradingView, the token indicates a cooling trend after the volatility experienced in February. The RSI is currently at 42.58. This is a neutral-bearish trend.
It is moving from oversold levels at 30.00. However, it is still below the 50.00 midline. This indicates a fragile recovery move for the RSI, which is still above its signal line.
Source: TradingView
The MACD indicator represents stabilizing action after a sharp fall. Its blue line has crossed over the orange line. This is a bullish sign. Both lines are below the zero baseline, which is a sign of a defensive and general market trend.
Traders are waiting to see the break over zero. The current bars on the histogram are green and represent slow accumulation.
Also Read: Pepe (PEPE) Could Hold $0.00000380 Support to Keep the Bullish Trend Alive
