PEPE Forms Bullish Cup & Handle Pattern, Eyes Breakout Toward $0.000033 Zone

PEPE’s Cup and Handle pattern spans from January to July, forming a clear bullish structure on daily timeframes.

The handle consolidation in July remains shallow, suggesting a steady build-up of pressure beneath resistance at $0.000015.

Breakout targets align with the cup’s depth projection, aiming between $0.00002500 and $0.00003900 if resistance is breached.

PEPE/USDT is testing a long-standing resistance at $0.000015 after completing a clear Cup and Handle pattern. The structure spans several months, and price compression signals an upcoming move.

Pattern Formation Signals StrengthThe chart structure stretches from January through late July 2025, forming a well-rounded base. The cup’s low developed near mid-April after a gradual downtrend reversed. By late May, the price had recovered, creating the upper rim of the cup near the $0.000015 mark.

Following the peak, PEPE retraced in early July and formed the handle — a shallow consolidation reflecting buyer interest at higher levels.

According to data from Crypto Target on X, the neckline lies between $0.00001300 and $0.00001500. Current price action around $0.00001272 confirms repeated attempts to challenge this zone, with candles tightening under resistance.

Technical Indicators Suggest MomentumPEPE/USDT is currently trading at $0.00001206 on the one-day Binance chart, showing signs of reduced volatility. The Bollinger Bands are tightening, with the upper band set at $0.00001420 and the lower at $0.00001148.

Source: Tradingview

The 20-day simple moving average holds around $0.00001284. Price is hovering just below this mid-band level, indicating that bullish momentum has cooled off for now. Meanwhile, the Stochastic RSI has dropped sharply, with values at 7.82 and 7.28.

Both indicators are now deep in the oversold zone, having fallen from higher levels in recent sessions. This positioning signals weakening short-term pressure and possible buildup for a reversal.

Breakout Levels and Projected Targets A breakout above $0.00001500 could activate a projected target between $0.00002500 and $0.00003900. This range is calculated by adding the cup’s depth to the neckline level. If the price sustains above this zone with volume confirmation, it may begin a new impulsive phase.

The memecoin’s circulating supply stands at 420.68 trillion PEPE, with a 24-hour volume of over $892 million and a market cap exceeding $5 billion.

For now, all eyes remain on the $0.000015 breakout level — a potential trigger zone for the next major move.