PEPE Surges on Bullish Reversal — But Can It Overcome Key Resistance?

Jakarta, Pintu News – The price of PEPE (PEPE) is attracting attention again after forming a clear double-bottom pattern and successfully breaking through the short-term resistance area. However, the question that now arises among traders is quite simple: Why is the price of PEPE rising when its long-term structure still looks bearish?

The price did have a sharp rise, but it is still below a fairly strong area of resistance. The next move will be decisive – whether this is the start of a real trend reversal, or just a temporary rebound aka dead-cat bounce.

This is what the price movement chart shows.

PEPE Price Analysis

On the weekly time frame chart, it can be seen that the price of PEPE has just broken downwards from important support areas, both horizontally and diagonally. In more detail, the price has broken out:

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• Long-term support trend line that continues to rise
• Horizontal support area at the level of $0.0000057

These two support levels have held for almost two years. Since these levels previously supported the price for a long period of time, a downward breakout from them is a strong signal that the trend has turned bearish.

With this condition, pressure from the sellers (bears) now dominates the price movement of PEPE, and there is a possibility that the price will continue to decline further.

Will PEPE Price Plummet?

From the chart, it can be seen that the downside potential is huge, while the upside potential is quite limited. Specifically, the price of PEPE can still increase by about 20% until it reaches the $0.0000057 area again.

But on the other hand, there is a downside potential of up to 65%, towards the support level around $0.0000017. The Relative Strength Index (RSI) indicator is currently below the 50 level, indicating that the strength of sellers (bears) is still dominant.

Despite the current rebound, the long-term trend remains bearish, indicating that further price declines are likely.

Why is the price of PEPE rising?

Although the weekly chart shows a bearish trend, the daily chart provides a different point of view. In the short term, PEPE shows three strong bullish signals:

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• A double bottom pattern that indicates a reversal.
• Breakout from the diagonal resistance line.
• Bullish divergence formed on the daily RSI indicator.

If PEPE manages to confirm this breakout, the price has the potential to surge up to 35% in the short term. However, the long-term trend remains negative as long as the price cannot close above the $0.0000057 level.

What will happen next?

PEPE does show real strength in the short-term charts, but its long-term structure is still broken. This situation puts PEPE in the position of determining the direction of the next trend:

• If the price breaks and holds above $0.0000057, then the opportunity for a major trend reversal opens up.
• Conversely, if it fails to break the level, then the bears are still in control, and a deeper price drop is highly likely.

For now, traders should treat this price increase as a short-term rebound, until there is confirmation that the long-term trend is recovering.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. PEPE Price Surges After Bullish Reversal Pattern – Can the Rally Break Resistance? Accessed on December 4, 2025