HomeNewsWhy analysts target $0.000022 for PEPE: Consolidation below 50-dma hints breakout soon

Why analysts target $0.000022 for PEPE: Consolidation below 50-dma hints breakout soon

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  • PEPE trades at $0.00001372 (-0.2% daily, -4.2% weekly) but gained 51.4% monthly, showing strong mid-term momentum.
  • $1.82B daily volume signals high interest; 420.69T supply gives $5.76B FDV, ranks #32 globally.

Pepe (PEPE) is currently priced at $0.00001372, experiencing a minor daily decline of 0.2%, while its 7-day performance shows a more notable drop of 4.2%. Despite this short-term correction, PEPE has gained 51.4% in the last 30 days and maintains a 7.8% increase over the past year, showing it still holds long-term bullish sentiment among traders.

PEPEUSDT_2025-05-29_13-55-25
Source: PEPE/Tradingview

The memecoin has a massive circulating and total supply of 420.69 trillion, with a fully diluted market cap of about $5.76 billion, ranking it #32 globally.

Source: Coinglass

Trading volume is extremely high, with over $1.82 billion exchanged in the past 24 hours, reflecting strong speculative interest. However, it’s worth noting that PEPE is still trading 51.1% below its all-time high, but more than 24,755% above its all-time low.

Over the past week, PEPE has oscillated between approximately $0.00001360 and $0.00001500. This range suggests that traders are balancing short-term profit-taking against ongoing buying interest.

PEPEUSDT_2025-05-29_13-59-13
Source: PEPE/Tradingview

On shorter timeframes, PEPE recently tested support around $0.00001360—a level where prior buying activity emerged—and bounced off, indicating that some demand remains at that threshold.

PEPEUSDT_2025-05-29_14-00-23
Source: PEPE/Tradingview

The 50-day simple moving average lies near $0.00001280, underlining recent support in the low $0.00001 range. The 200-day SMA sits around $0.00000950, indicating a longer-term uptrend since PEPE has remained above that level for weeks.

PEPEUSDT_2025-05-29_14-01-36
Source: PEPE/Tradingview

Immediate resistance appears near $0.00001500. A sustained move above that barrier on rising volume would open the path toward $0.00001600, where PEPE encountered selling pressure earlier this month.

Conversely, failure to hold $0.00001360 could expose a drop toward $0.00001250, the next visible support from mid-April price action.

PEPEUSDT_2025-05-29_14-02-32
Source: PEPE/Tradingview

Based on current technical analysis from ETHNews, PEPE is trading at $0.000013796, reflecting a slight intraday decline of -1.46%. Over the past month, however, the token has surged 53.68%, suggesting strong bullish momentum despite short-term fluctuations. The price action is showing signs of consolidation, indicating that PEPE may be preparing for its next significant move.

PEPEUSDT_2025-05-29_14-05-00
Source: PEPE/Tradingview

Key chart patterns include a potential breakout from a historical resistance level with support forming along the 200-day moving average. Several traders on TradingView are forecasting bullish targets between $0.00002000 and $0.00002820, driven by strong momentum and renewed interest in meme coins.

PEPEUSDT_2025-05-29_14-05-59
Source: PEPE/Tradingview

Oscillator indicators and moving averages are currently neutral, implying the market is in a wait-and-see phase, with no strong buy or sell signal confirmed.

Taking this into account, my short-term price prediction for PEPE is a rise toward $0.00001875 within the next 7–10 days, assuming Bitcoin remains stable and market sentiment doesn’t deteriorate. If confirmed breakout patterns continue, PEPE could even test $0.00002200 by mid-June 2025.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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