Pepe Coin (PEPE), one of the most watched meme coins in the crypto market, is currently navigating a pivotal technical phase that could set the stage for its next price movement. After a decisive breakout above a key resistance level, PEPE is now undergoing a classic retest of this breakout zone—a move closely watched by traders and analysts for signs of sustained bullish momentum.
Technical Overview: Breakout and Retest
Recently, PEPE managed to break through a significant resistance barrier, a level that had previously limited its upward potential. This breakout was accompanied by a notable increase in trading volume, suggesting renewed interest from both retail and larger market participants. According to technical analysts, the current price action—where PEPE is consolidating and retesting the former resistance as support—serves as a critical confirmation point. If this support holds, it could act as a launchpad for further gains in the coming weeks .
Support Structure and Market Sentiment
PEPE’s price continues to respect a well-established rising trendline, which has provided dynamic support over the past several months. This trendline, combined with a horizontal demand zone, forms a strong confluence area. Historically, each retest of this zone has attracted buyers, reinforcing the bullish structure. As long as PEPE remains above these intersecting supports, the market structure favors the bulls, and the ongoing consolidation may represent an accumulation phase before the next upward move .
Volume and Whale Activity
The recent breakout was not only technical but also supported by a surge in trading volume, indicating strong participation from the market. On-chain data highlights significant whale accumulation, with large transfers and increased activity suggesting that major players are positioning themselves for potential upside. This combination of technical and on-chain signals strengthens the case for a bullish continuation, provided the current support holds .
Short-Term Outlook and Key Levels
• Current Price: Around $0.000012 (as of early June 2025)
• Immediate Support: The breakout zone and rising trendline
• Resistance to Watch: $0.00001290–$0.00001300
If PEPE maintains its footing above the current support, analysts see potential for a 20–25% upside, targeting the $0.000015–$0.000016 range in June, assuming buying strength persists . However, a failure to hold this level could lead to a retest of lower supports, with increased volatility expected in the short term .
Conclusion
PEPE’s technical setup is at a critical juncture. The successful retest of its breakout zone, supported by strong volume and whale activity, positions the meme coin for a possible next leg higher. However, traders should remain attentive to key support and resistance levels, as broader market sentiment and momentum indicators will continue to influence price action.
