PEPE Nears Upper Range Boundary After 28% Rally as $0.053806 Support Remains Intact

• PEPE rose 28.3 percent in 24 hours, to $0.05488 with a test of $0.055013 resistance.

• Excellent gains against BTC and ETH exhibit large movements in key trading pairs.

• Price is above the support level of $0.053806 and keeps the short term structure.

Pepe(PEPE) experienced a sharp gain of 28.3 percent in the last 24 hours, which propelled the price to $0.05488. The action put the token close to its intraday resistance of $0.055013. Meanwhile, price was above the support at the listed price of $0.053806. Interestingly, the range of 24 hours is compressed in between the support and resistance keeping short-term attention to level interaction.

Price Structure Approaches Immediate Resistance

Price action shows PEPE trading just below the $0.055013 resistance. That level caps the current 24-hour range. Nevertheless, buyers remained in control above the support of $0.053806 during the session. The 28.3 percent growth is a sign of violent rising participation. Also, the token increased by 25.7 percent over the BTC to 0.0106882 BTC. It also climbed by 26.9 percent against ETH reaching 0.082331 ETH.

These cross-pair returns go hand in hand with the dollar-Denominated rally. This saw momentum spread in big trading pairs. Consequently, short-term positioning focuses on the ability of bulls to have a decisive move above $0.055013. TradingView data indicate growing volatility as retailers and wholesalers responded on both sides of important levels.

Technical Indicators Signal Strong Upside Momentum

The chart displays a clear upward push into the upper boundary of the visible range. The RSI is trading at 81.58 showing that PEPE is in bullish momentum.

Source: TradingView

The MACD line crossed above the signal line during the surge. At the same time, the histogram expanded in positive territory. That confirms momentum acceleration alongside the 28.3% price increase.

Both indicators supported the upside move into $0.055013 resistance while price held $0.053806 support. However, since PEPE now trades near the upper boundary of the 24-hour range, RSI positioning and MACD histogram behavior become critical for continuation or slowdown.

Intraday Scenarios Based on Key Levels

If price holds above $0.053806, bulls may attempt another push through $0.055013. On an upward move, once price is above $0.053806, bulls can now push to another $0.055013. An authenticated break above resistance will reveal more intraday extensions than there are present.

But the inability to overcome that obstacle can lead to consolidation. In its turn, a decrease lower than $0.053806 would undermine short-term structure. In that regard, sellers might force prices to lower levels in the recent range in the intraday.