PEPE Bulls Eye Key Resistance Amid 50% Weekly Surge

PEPE, a meme coin, has experienced a significant surge of nearly 50% in just seven days. This rapid price increase has propelled PEPE to a nine-month high near $0.0000049.

The bulls behind this rally now face a major resistance zone between $0.0000048 and $0.0000055. Analyst Giannis Andreou notes that clearing this zone could lead to higher price targets, potentially reaching as high as $0.0000065 to $0.0000075.

However, the analyst also warns of potential profit-taking concerns, which could slow momentum near current levels. Additionally, exchange inflows have raised caution among traders, with more PEPE tokens moving from private wallets onto centralized exchanges.