- PEPE surged 7% and drew renewed market interest after former President Donald Trump shared a meme featuring the coin on Truth Social.
- With bullish chart patterns and surging trading volume, analysts predict a potential 103% rally for the meme coin.
Pepe Coin ($PEPE) is back in the spotlight after a surprising endorsement of sorts — a meme featuring the iconic green frog was shared by former U.S. President Donald Trump on Truth Social. The post has stirred up a whirlwind of excitement in the crypto world, coinciding with technical signals that suggest PEPE could be gearing up for a major price move.
Following the viral post, PEPE surged nearly 7% and saw a spike in daily trading volume, illustrating just how much influence social media buzz can have on meme-driven cryptocurrencies. While some see this as a fleeting moment of hype, others point to technical indicators hinting at something more substantial.
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At the time of writing, PEPE is trading at $0.00001445 — up 5.69% in the past 24 hours — and hovering just below a key resistance level at $0.00001450. This level is being closely watched by traders as a potential breakout point. If PEPE can push through it with strong volume, it may confirm a new bullish phase.
Technical analysis supports this optimism. Crypto analyst LLuciano_BTC recently identified a bullish fractal pattern on the PEPE chart — a setup that has historically preceded sharp rallies. According to his projection, PEPE could soar more than 103% to a potential high of $0.000028364.
Adding fuel to the fire, trading data from Coinglass reveals that PEPE futures volume has skyrocketed by 40%, reaching $2.4 billion in a single day. Open interest — the number of outstanding futures contracts — has also jumped, suggesting that traders are positioning for significant volatility.
With a mix of meme magic, high-profile attention, and bullish technical signals, PEPE is attracting both retail and professional traders. A decisive break above $0.00001450 could kickstart a rapid climb, while failure to do so might see prices retrace toward the $0.00001352 support level.
