#PEPEUSDT broke out of the range formed earlier this month and on the daily chart, momentum has turned bullish, but the uptrend has not yet resumed. Based on the liquidation chart, Pepe price prediction shows that profit taking levels need to turn into support.

The memecoin was trading slightly above the previous mid-range level of $0.0000088 until BTC convincingly broke through the $61,000 resistance on July 15.

BTC's rise from $61,000 to $64,000 gave PEPE bulls confidence.

The momentum began to turn on July 15 as volume surged. Now, the Momentum Oscillator is above zero, showing strong bullish momentum.

On the other hand, OBV has yet to break above the June high.

Resistance is between $0.0000132 and $0.000014, which is also where the recent lower highs on the daily chart in June occurred. Therefore, a move to these levels is expected.

The liquidation heatmap shows that deep losses in early July swept away large liquidity pools at $0.000008.

Bulls were able to defend this level, but there is some untested liquidity below $0.000008.

To the north, the $0.000014 area is worth watching and consistent with price action analysis.

Whether bulls can break above $0.000014 in the coming days will likely determine whether the coin can continue to rise or if it will retrace most or all of its recent gains. $PEPE