- PEPE revisits Ichimoku Cloud support after bouncing from key log support.
- Analysts predict a PEPE breakout toward $0.000016 and possibly $0.000250.
- Technical setup aligns with classic breakout structure, signaling bullish momentum.
According to crypto analyst Bitcoinsensus, PEPE is hovering at a critical technical level that could trigger its next major breakout. After falling from its all-time high near $0.000028, the token found support in a logarithmic support box—a key long-term zone where prices tend to stabilize and reverse. From that base, PEPE bounced back, regaining a bullish structure, and is now retesting the daily Ichimoku Cloud support zone.
PEPE Eyes Breakout After Cloud Retest
In trend analysis, this area—the Ichimoku Cloud—often serves as a variable support/resistance indicator. In this case, PEPE’s price has already broken above the cloud, testing it from the top, a bullish signal that usually precedes continued upward movements.
Interestingly, this support has been consistent, leading to price consolidation at $0.0000077, prompting traders to keep a close eye on it. Moreover, the chart posted by Bitcoinsensus notes a white upward arrow, which indicates the price breaking above this structure and heading toward $0.000016.
All of these technicals—the cloud support, the break of a multi-month descending trendline, and a bounce from a logarithmic support zone—seem to suggest a change in momentum from bearish to bullish. The technical setup is similar to classic breakout conditions: a major downtrend, solid support, a reclaim of resistance, and a tightening range. If these same conditions continue, the cryptocurrency could be preparing for a strong uptick and double in value from its current levels.
PEPE Set for New ATH? Analyst Eyes $0.00025+
Another crypto analyst, Steph Is Crypto, reiterated a sentiment among traders that PEPE is gearing up for some nice pump, reaffirming what Bitcoinsensus has highlighted. According to a recent post by Steph, the token is ‘coiling’ up’—a close consolidation period before a sharp price breakout.
After analyzing the analyst’s weekly chart, PEPE appears to be creating a nice base as it has returned from a previous downtrend. The token’s price chart remains slightly below the $0.000008 level at the time of writing, though Steph’s predicted path indicates that PEPE may be in line for some major gains, led north of $0.000250 — a huge climb from its current level.
Steph confidently reiterated, ‘In 3-6 weeks from now you’ll regret not buying more,’ as the current PEPE price action is setting itself up for a significant near-term move. This backs up Bitcoinsensus’s analysis of an Ichimoku Cloud retest, further supporting the bullish case for a breakout.
DOGE Bullish Sentiment Grows With Rising Funding Rates
Building on the growing optimism in the meme coin space, recent DOGE funding rate data further strengthens the bullish narrative. The DOGE OI-Weighted Funding Rate chart shows a sustained stretch of positive funding rates, especially from early April to early May.
This indicates that long traders are willingly paying a premium to short sellers to maintain their positions—an unmistakable sign of rising bullish conviction and confidence in further upside.
Historically, when funding remains positive for extended periods, it reflects a market leaning heavily toward long positions. In this case, DOGE traders are confident that prices will continue to rise, aligning with recent upward price movement.
