Ramazan Eles 
The popular memecoin PEPE is showing bullish signs with its recent technical breakout.
As Bitcoin gains momentum, several memecoins, including PEPE, have caught investors’ attention. After briefly dipping below a key support level, PEPE quickly bounced back and appears to be entering an upward trend. Since August 24, this well-known altcoin had been in a downtrend but thrilled its investors by breaking out on September 8. So, what key levels should investors watch out for?
PEPE Could See a 30% Increase After breaking the downtrend and reclaiming $0.00000684, PEPE quickly climbed to $0.00000721. If the memecoin hype continues, along with Bitcoin’s recovery and its market dominance stabilizing, PEPE could target $0.00000821 and beyond. If it successfully holds above this level, the next price targets could be $0.00000932, $0.00001107, and $0.00001242. The key red zone will be crucial in determining the next move, with a strong breakout here signaling increased bullish momentum in the pair.
However, if the memecoin trend weakens, Bitcoin closes below $56,500 daily, or BTC’s dominance rises, PEPE could face selling pressure. In this scenario, potential support levels are $0.00000684, $0.00000639, and $0.00000585. The latter, tested on August 5, serves as the main support. Extended time below this level could push the pair further downward.
At the time of writing, PEPE boasts a market cap of $3.03 billion, with a 24-hour trading volume of $927 million. It currently ranks 26th by market capitalization.
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