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Bitcoin has reclaimed the $78,000 level and is moving toward a key resistance area, less than $200 away from the current trading range. As bullish sentiment gradually strengthens across the market, memecoins are starting to track the broader trend.
Dogecoin (DOGE) is holding above $0.10 despite recent selling pressure, signaling underlying support. Meanwhile, PEPE has been rising steadily since the start of Q2, with the price action suggesting the potential for a stronger move later this month.
After falling 55% this year, PEPE has posted a 35% upswing following a rebound from the lows. The token is still trading within a prolonged downtrend, but it has entered a tight accumulation range near $0.0000038–$0.0000040. This zone has now shifted into a key support area.
PEPE is currently testing a descending resistance trendline and a horizontal resistance band around $0.0000040. With price action concentrated near these levels, the $0.0000040–$0.0000042 area is framed as the critical breakout threshold.
The Gaussian Channel has flipped bullish, indicating a transition from a bearish phase into an early-stage uptrend. In addition, the formation of higher lows reflects sustained buying pressure. Relative Strength Index (RSI) is trending near 55–60, which is consistent with improving strength without appearing overheated.
If PEPE breaks above the $0.0000040–$0.0000042 range, the next targets cited are $0.0000051, followed by $0.0000058–$0.0000060. This path is described as aligning with a potential 20%+ rally.
Overall, PEPE is testing a crucial resistance zone, and the technical setup suggests that a sustained move beyond the current range could extend the rebound. A move toward $0.000005 is presented as an initial objective, while a breakout above $0.000006 is described as capable of lifting the rally further beyond the bearish influence.
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