• PEPE trades at 0.00001237, up 1.89% in the latest 2-day period.
• The buy zone at 0.00000900 — 0.00001100 held strong support during July.
• A breakout above 0.00001500 could mark the first move beyond long-term descending resistance.

PEPE (PEPEUSDT) has maintained its position above a key buy zone after rebounding from a recent downtrend. The token, trading on Binance, is currently valued at 0.00001237, reflecting a 1.89% increase within the latest 2-day period. This level comes after a sustained recovery from the buy zone highlighted between late June and early July, where the price had consolidated before advancing by approximately 30%. 

Chart patterns now indicate the asset is approaching a narrowing range, with a significant breakout threshold positioned near the 0.000015 mark. In July, PEPE’s price exited a descending trend that had persisted since early April. The asset moved decisively upward after holding support inside the buy zone, which had been identified around the 0.00000900 to 0.00001100 range. 

The rebound brought the price above 0.00001128, which was the first outlined target during the July 10 update. Notably, the upward momentum from this level carried the token into mid-July with steady gains. This progression also positioned the market near the upper boundary of its longer-term descending resistance. Currently, Pepe was trading at $0.00001234 with a 9.5%price increase.

Consolidation Toward Apex of Triangle Pattern

Since late July, PEPE has traded within a tightening triangle formation on the 2-day chart. The formation is defined by a rising lower trendline that has connected higher lows since April, and a descending upper trendline that has capped rallies since late 2024. 

Price action is now converging toward the apex of this formation, with the current value sitting just below the resistance zone. The range between 0.00001200 and 0.00001500 has contained price movement in recent sessions, with multiple small-bodied candles reflecting a balance between buying and selling pressure.

Breakout Level and Resistance Ahead

Market focus is currently at the 0.00001500 level, which is also the breakout level for further upside strength. The level has previously acted as a price cap on rises in May and July and is therefore an important level for the current scenario. A break above it would be the first solid break above the downtrendline for some period.

The bigger chart also shows the last tops at approximately 0.00002500, which would be a resistance point in a breakout. Until then, the set buy zone is the nearest major support, keeping the asset structure the same as the market heads towards end August trading periods.

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