PEPE Weekly Breakout and Retest Pushes Toward $0.00001

Published: 2026-01-22 16:33:05 |

PEPE has completed a weekly breakout, cleared a long-term descending trendline and successfully retested the $0.0000055–$0.0000060 area, which now acts as key short- to long-term support. Price recovered from a demand zone near $0.0000040–$0.0000042, reclaimed short-term moving averages and moved into the mid-band of the Gaussian channel. Intraday action showed swings between about $0.00000485 and $0.00000531 before a shallow pullback; at one point the token traded near $0.00000490. Technical patterns noted by analysts include a descending-triangle break and a falling-wedge breakout, alongside the weekly retest — all pointing to a bullish structural shift. Short-term resistance is limited up to roughly $0.0000075–$0.0000080, with immediate targets cited near $0.0000068 and $0.0000157 and a broader upside projection toward $0.000028–$0.000030 if momentum and volume expand. Traders should watch volume on any breakout and support at $0.0000048–$0.0000059: a sustained hold above the retest zone could trigger a multi-week/month rally, while a decisive break below would invalidate the weekly breakout and raise downside risk.

Bullish

The combined reports point to a bullish outlook for PEPE. Key technical confirmations — weekly breakout above a long-term descending trendline, a successful retest of the $0.0000055–$0.0000060 zone, recovery from a demand area near $0.0000040–$0.0000042, and reclaimed short-term moving averages — indicate accumulation and improved market structure. Limited resistance until roughly $0.0000075–$0.0000080 means price can move higher without heavy friction if volume and momentum increase. Short-term traders should monitor breakout volume and the $0.0000048–$0.0000059 support band: a volume-led breakout would likely trigger multi-week upside, while a break below the retest zone would invalidate the breakout and open risk for deeper corrections. Therefore, the immediate price impact is expected to be bullish, conditional on sustained buying pressure and volume.