PEPE Moves Sideways While Bulls Prepare for the Next Leg of the Uptrend

Key Takeaways

• PEPE broke out of a long corrective wedge.
• Wave (v) targets lie between $0.00001026 and $0.00001096.
• Holding above $0.00000813 supports short-term bullish continuation.

PEPE has emerged from a prolonged correction, showing bullish intent through a breakout from a falling wedge on the 4-hour chart.

After printing a triple correction (WXYXZ), the token has initiated a new impulsive structure. The short-term chart further supports this with a developing 5-wave pattern.

If key Fibonacci levels hold, PEPE could be set for a fresh rally toward new short-term highs, especially as the broader sentiment toward meme coins strengthens.

PEPE Price Analysis

The 4-hour chart shows PEPE completing a prolonged WXYXZ corrective structure that began after its all-time high near $0.0000028.

PEPE found strong support after reaching the green demand zone around $0.00000060–$0.00000070 and reversed sharply, breaking out of the descending wedge pattern.

The corrective cycle appears complete, confirmed by the breakout and impulsive price structure forming thereafter.

The move off the April low aligns with renewed bullish market sentiment and a broader meme coin resurgence.

The current price has reclaimed the 0.236 Fibonacci retracement at $0.00000108 and is consolidating just below it, indicating strength.

RSI shows sustained bullish momentum with no overbought divergence, suggesting the trend has room to extend.

Immediate overhead resistances remain at $0.00000142 (0.382 Fib) and $0.00000168 (0.5 Fib). These are the following validation points for an extended upward trend.

If PEPE breaks above these zones with substantial volume, it could target the golden ratio at $0.00000195 and potentially $0.00000233 (0.786 Fib).

The bullish thesis remains valid if the price stays above $0.00000081. A fall below would raise concerns about a false breakout or extended sideways consolidation.

PEPE Price Prediction

The 1-hour chart confirms the breakout’s structure with a well-defined 5-wave impulse.

PEPE is now completing wave (iv), with a corrective ABC pullback bottoming near the 0.786 Fib at $0.00000853.

The next anticipated move is wave (v), which, if momentum accelerates, could extend toward $0.00001026 (1.618 Fib extension of wave (i)) and even $0.00001096 (2.0 extension).

The local structure shows wave (iii) completed at $0.00000950, with wave (iv) testing multiple retracement levels and holding above key supports.

The RSI has cooled down, creating room for upward movement. The bullish divergence around $0.0000081 strengthens the case for a final wave push.

Wave (v) could underperform or extend based on how the price reacts to the $0.00000960 resistance zone.

A breakout and close above this would confirm continuation, while rejection could lead to a double top and a retest of lower support levels.

Short-term invalidation occurs if the price drops below $0.00000813, breaking wave (i) territory and invalidating the bullish impulse.

However, price structure and oscillator behavior currently favor a bullish breakout, especially if volume rises.

Key Levels to Watch

• Major Support: $0.00000813 (wave i low), $0.00000795 (0.5 Fib), $0.00000742 (0.236 Fib).
• Immediate Resistance: $0.00000960 (wave iii peak), $0.00001026 (1.618 Fib), $0.00001096 (2.0 extension).
• Breakout Confirmation: Break and hold above $0.00000960.
• Invalidation Level: Drop below $0.00000813 invalidates the wave structure.
• Fractal Watch Zone: $0.00000850–$0.00000890 for wave (v) launch zone.