PEPE broke through down trendline
After weeks of sustained selling pressure and a sequence of lower highs, PEPE officially broke above its multi-month descending trendline on February 14-15, 2026. This technical breakout, often viewed as a shift from seller dominance to potential buyer control, saw the price surge by approximately 28% in a 24-hour period, reaching a peak of $0.00000501.
Key Technical Developments
Breakout Characteristics: The move was accompanied by a significant spike in volume (roughly $98 million USDT), suggesting urgency from buyers and short-covering from sellers who were previously comfortable.
Moving Average Cross: Short-term moving averages (MA7 and MA25) crossed upward, signaling a potential trend reversal rather than a simple relief bounce.
Momentum Shift: The Relative Strength Index (RSI) moved out of neutral zones, outperforming major assets as liquidity began rotating back into high-volatility meme coins.
Critical Levels to Watch
Immediate Support (Retest Zone): Analysts are watching the $0.0000039–$0.0000040 range. A successful retest where buyers defend this former resistance-turned-support would confirm the structural shift.
Upside Targets: If the momentum holds, the next major resistance levels are identified at $0.00000541 and the previous peak near $0.00000689.
Risk of a "Bull Trap": A failure to hold above the broken trendline on a retest could signal a false breakout, potentially leading to a rapid unwind as late-entry traders exit their positions.
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