PEPE Price Prediction for May 11: Breakout Rally Targets $0.00001450 as Bulls Dominate

The PEPE price today is trading near $0.00001345 after a sharp 65% surge since May 8. This powerful upside move has flipped multiple resistance zones into support and comes amid broader meme coin strength and renewed risk-on sentiment in the crypto market. The PEPE price action has now confirmed a breakout above its descending trendline on the daily chart, signaling the end of its multi-month downtrend that began in February.

What’s Happening with PEPE’s Price?

The rally was triggered after PEPE reclaimed the $0.00000900 zone and invalidated previous lower highs on strong volume. Price is now testing the key resistance zone around $0.00001450, which aligns with the 0.5 Fibonacci retracement level drawn from the November 2023 swing high of $0.00002836 to the January 2024 low of $0.00000602.

This surge also marks one of the strongest PEPE price spikes since late 2023, drawing attention from both short-term traders and long-term meme coin holders.

PEPE Price Update: Trend Reversal Confirmed

On the 4-hour chart, PEPE broke out of a bullish wedge near $0.00000850 on May 8,…

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