The world’s most iconic frog currency has entered a pivotal time for price action in the second quarter of 2025. Pepe, currently trading at $0.00001386, is now testing a key resistance zone. If successful, the memecoin could have another go at new all-time highs.
While $PEPE is down by 4.52% over the last 24 hours—the currency is far from underperforming on a larger timeframe. Since April 24th, the Pepe token has managed to gain a whopping 60.51% in value, completely breaking its downward trend trajectory, allowing holders to set sights on a fresh attempt at an all-time high.
This bullish breakout led Pepe to enter a key pivot zone, where history has shown us that price tends to react significantly—either facing rejection or finding strong support for further upward movement.
The historical $0.000013–$0.000014 zone has played a crucial role in PEPE’s price action. Initially acting as strong support during its bull run in May 2024—when PEPE hit its then all-time high—this level transformed into resistance after buyers failed to sustain momentum.
If volume picks up and PEPE holds above this level, a fresh push toward higher price discovery could be on the horizon.
Following May 8th’s strong 1D candle, which led the memecoin to reach the current pivot margin, buying strength has been slowly weakening. Whether this means buyer exhaustion, or accumulation remains to be seen, but price action near this level will offer critical clues.
The RSI is sitting near a crucial level—if it’s hovering above 70, buyers might be running out of steam, and a pullback could be on the horizon. If it’s below 30, sellers could be losing momentum, setting up for a bounce.
- Good Scenario
If market conditions cooperate and the crypto market maintains its bullish momentumn, we could see PEPE have another go at 0.000020, the next likely resistance, still in Q2.
- Bad Scenario
However, if momentum fades in the market, PEPE may struggle to break through this level, which could lead the price to hover back to the $0.000012 zone where buyers will need to step in to defend the level and prevent further downside.
It will be important to keep an eye on trading volume and the overall market trend. Strong volume near key levels could indicate conviction from buyers or sellers, confirming a breakout or reversal.
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