PEPE meme coin price prediction: Continuing to rise and break through the consolidation zone, long positions maintain momentum at the resistance level.

Pepe (PEPE) meme coin continues its pump trend, reporting at 0.00001336 USD during the Asian early trading session today (17). This meme coin has broken through multiple key levels and is currently moving towards the key resistance level between 0.00001480 USD and 0.00001550 USD. This trend comes after several weeks of sideways trading, indicating that buyers have at least regained control of the situation for now.

For most of June, the price of PEPE was stuck below the descending trend line and the 100-period Simple Moving Average (SMA), but eventually broke through both lines. After the breakout, its structure underwent a significant change.

The chart marks two "structural breakout" points: the first is when the price breaks above recent volatility highs, and the second is when the price continues to rise and breaks out of the consolidation area. These movements confirm a clear shift in the trend.

PEPE Price Analysis: Support level near the 100 moving average

The PEPE price is currently far above its 100-day moving average (SMA), currently around $0.00001095. This level is also consistent with the recent breakout area and is regarded as a strong support level.

If PEPE falls back from the current range, traders will focus on whether a rebound may occur in that area. The PEPE chart structure shows healthy momentum.

The price of PEPE continues to pump, with highs and lows constantly rising, which usually means that buyers are buying on dips. As long as the price remains above 0.00001095 USD, the uptrend still exists.

The next major test is the resistance level just above the current price. This area had previously acted as a ceiling, so traders will be watching to see if the PEPE price can break through with volume.

If it breaks down, a pullback to the support level wouldn't be surprising. At least for now, the trend remains positive.

The complete breakthrough of the downward trend, structural changes, and strong K-line charts indicate that the bulls are driving the price movement. Whether PEPE can break through the resistance level is likely to set the tone for the next price movement.

(Source: Trading View)