Pepe Rises to $0.00001216 After Breakout as Support Holds at $0.00001043

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  • The falling trendline which was downward acted against Pepe as the latter traded in the vicinity of the level of $0.00001216 with increased volume affirming renewed action.
  • The token increased by 15.7%compared to Bitcoin and 115% to Ethereum, which also coincides with its breakout in the U.S. dollar.
  • The current range is determined by support at $0.00001043 and resistance at $0.00001242 with the liquidity being concentrated at major Fibonacci levels.

Pepe put up a good breakout today, with price action challenging a declining trendline that has capped rallies since the latter part of 2023. The move was a function of increasing trading volume, with daily action supported by increasing volume. On the three-day chart, Pepe traded at $0.00001216, up 5.64% at time of report. 

Source:(X)

The recent surge brought the token near important Fibonacci retracement levels, with the 0.618 line being an area of interest. The price action is currently at the area between support $0.00001043 and resistance $0.00001242, which shows how much value this region holds.

Breakout Confirms Expanding Price Action

The recent breakout follows months of compression within a symmetrical structure on higher timeframes. On the three-day chart, the red trendline had capped multiple recovery attempts. Busting through this level cancelled out downward pressure, propelling price towards its resistance cluster. 

Source:TradingView

The recent action was supported by the technical indicators. The Relative Strength Index of the hourly chart has come to close with 60.15 with its greatest momentum of 76.86. Meanwhile, the MACD lines entered the positive regions, at 0.00000036 and 0.00000032. The alignment indicated fresh buying interest during the breakout session.

Cross-Pair Performance Strengthens Momentum

Pepe also posted gains in cross-pair trading, confirming strength beyond its dollar valuation. Against Bitcoin, the token advanced 15.7%, moving to 0.091058 BTC. At the same time, it gained 11.5% against Ethereum, reaching 0.082595 ETH. These moves occurred alongside sustained activity in the U.S. dollar pair, showing consistent buying pressure across markets. Increased trading volumes supported the gains, emphasizing stronger participation during the latest breakout.

With both Bitcoin and Ethereum pairs advancing in parallel, the broader market structure reflected heightened demand. The upward movement reinforced the significance of the breakout zone, especially with liquidity building near resistance levels.

Support and Resistance Define Current Range

Support at $0.00001043 has repeatedly held during recent sessions, enabling buyers to defend lower levels effectively. Resistance remains at $0.00001242, a level tested but not breached in the current rally. The three-day Fibonacci chart further highlights the $0.00001400 zone near the 0.618 retracement line as a short-term reference.

Price consolidation around these boundaries reflects active testing of the breakout area. Market forces remain concentrated within this defined range, with support and resistance continuing to set clear parameters for trading behavior.

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