Despite Recent Price Dip, Analysts Believe Pepe Coin (PEPE) Is Poised for a Major Breakout

Despite a recent cooldown in price, analysts believe that PEPE could be gearing up for a major breakout—possibly targeting the $0.000033 level over the coming months.

Pepe Coin (PEPE) price has recently pulled back from recent highs, but analysts believe the meme coin could be setting up for a major breakout—possibly targeting the $0.000033 level over the coming months.

As of Monday (July 10) morning, PEPE was trading around $0.00001272, down more than 7.5% over the last 24 hours. But the broader technical outlook remains constructive, with many in the crypto community eyeing a bullish continuation.

Currently, Pepe Coin’s market capitalization is around $5.6 billion, according to CoinGecko. That puts it within striking distance of Shiba Inu’s $8.6 billion valuation, though still about 53% behind.

To catch up with Shiba Inu in market cap, PEPE would need to rise to around $0.00002067, assuming SHIB’s price remains flat. Given current market dynamics, that is not outside the realm of possibility. “Pepe is clearly moving with more strength than Shiba Inu right now,” said one analyst, citing increased trading volume and bullish momentum across meme coins.

In fact, PEPE’s 24-hour volume recently hit $1.7 billion, significantly eclipsing SHIB’s $244 million over the same period. This surge in trading activity highlights rising investor interest in the crypto PEPE coin, which has been riding the broader wave of meme token enthusiasm fueled by Ethereum’s climb above $2,000 and improving sentiment in the altcoin space.

Several bullish patterns have formed on the Pepe Coin price chart. Notably, PEPE recently broke out of a long-standing descending wedge—a classic reversal setup. This breakout came with strong volume and was supported by a double-bottom formation and a mini “golden cross” between the 50-day and 100-day moving averages.

PEPEUSD closed last week above its 1-week MA50, signaling bullish strength. Source: TheCryptagon on TradingView

Analysts believe this confirms a bullish continuation, potentially paving the way toward $0.00001535, the recent monthly high. A decisive break above that level could open the path toward $0.00001748 and possibly $0.00002168, with long-term projections targeting the much-discussed $0.000033 resistance.

“Looking at the measurement of the descending triangle, I see a target of $0.000033 to $0.000037 by September 2025,” noted a technical analyst. “That’s more than 100% gains from current levels.”

Despite short-term corrections, PEPE continues to find support around $0.00001270, a level aligned with multiple trendlines and Fibonacci retracement zones. This area also coincides with the 20 EMA and the lower band of a symmetrical triangle forming on the 4-hour chart.

“The $0.00001270–$0.00001280 support zone is crucial,” one trader explained. “If that holds, we could see bulls regaining control soon. A break below might signal a deeper pullback to the $0.00001164 area.”

PEPE’s weekly price structure also shows resilience, as the coin remains above its 0.618 Fib retracement level near $0.00001120, suggesting a longer-term base is in place.

Momentum indicators such as RSI and MACD provide a mixed but cautiously bullish view. Although the RSI has pulled back to 38.99, reflecting short-term weakness, it is well away from being oversold. In contrast, MACD is flattening out, suggesting a potential shift in momentum as the market searches for direction.

After a prolonged decline, PEPE is forming an ascending triangle, signaling a potential bullish reversal near a key resistance zone. Source: MyCryptoParadise on TradingView

Bollinger Bands are tightening again, indicating a breakout—either up or down—is imminent. Traders are waiting for volume confirmation, namely a close above $0.00001355, to confirm a bullish breakout.

“If PEPE closes a weekly candle above $0.00001500, expect strong continuation,” another market analyst added, pointing to historical resistance at $0.00001775 and $0.00002181 as the next targets.

Supporting the bullish thesis, Pepe Coin’s derivatives data reflects increased investor positioning. According to Coinglass, trading volume surged over 37%, while open interest