👀 $PEPE Coin Price Prediction Hints 39% Gains Amid Bitcoin Upsurge - CoinGape

🐸 Pepe Coin Shows Bullish Signs
Pepe coin (PEPE) is generally bullish today despite a 2.2% dip in the last 24 hours. Over the past week, PEPE is up 23%, indicating strong bullish sentiment. If PEPE overcomes certain barriers, it could see a 39% gain. Meanwhile, Bitcoin's surge above $62,000 has boosted the overall market. However, some PEPE traders are closing long positions, even as social volume rises.

📈 Social Dominance Could Boost PEPE
PEPE is facing resistance on the daily chart, with traders reacting to its price action. Santiment data shows a rise in PEPE’s social volume to a monthly high, suggesting increased interest. Despite this, futures traders are closing long positions, which may signal a bearish outlook.

🚀 Potential Breakout to $0.00001300

The PEPE price chart suggests a bullish breakout, trading near the upper Bollinger Band, indicating strong momentum. Short-term resistance is around $0.00000955, with a potential target of $0.00001300 if bullish momentum continues.

📊 Key Levels to Watch
If PEPE breaks above $0.00000955 with strong volume and bullish MACD signals, it could justify long-term buying, aiming for targets above $0.00001300. However, failure to break this level may see a drop to $0.00000811, a critical support zone. Falling below this support could invalidate the bullish outlook.