Pepe Coin price surged after U.S. President Donald Trump shared an image of himself on Truth Social with a visible PEPE meme. The thrilling social media moment stirred the crypto community and caused the price of the meme token to climb.
Trump’s Post Sparks a Sudden Pepe Coin Price Spike
Trump’s viral Truth Social post featured a grayscale image of him walking down a street with the text, “He’s on a mission from God.”
The Pepe meme character appeared on the left side of the image. This triggered a fast rally in Pepe coin price.
Notably, PEPE price surged following the post, breaking through $0.00001444 and reaching $0.00001493. According to CoinMarketCap, the price climbed by 7.7% and the 24-hour volume reached $1.64 billion at the time.
The market cap climbed to $6.07 billion. According to reports, Trump’s post caused the surge, indicating that cultural events lead to rallies in speculative meme coins. At press time, the coin fell 0.10%, and was trading at $0.00…1373.
Interestingly, Pepe coin price popularity helped the overall meme token sector grow. Analysts at BitcoinLFG noted that PEPE price is once again leading the meme coin rally. As PEPE trends upward, Floki Inu ($FLOKI) is anticipated to do so as well.
Sentiment around meme coins has turned bullish again. PEPE seems to be the main figure in this movement. It’s possible that Trump’s picture gave the coin political importance and popularity among investors.
Resistance Levels Define Short-Term Targets
Crypto analyst CW highlighted a key resistance at $0.000018. If PEPE price breaks that level, the next zone trades near $0.000026. That means there is a potential upside of more than 80% above current prices.
The chart revealed that the price moved up from the 0.618 Fibonacci support level. This is widely seen as a “golden zone” where reversals often occur. As long as PEPE price maintains support above $0.000013, analysts expect a bullish continuation.
Pepe Coin price briefly dipped before reclaiming ground, forming a bullish engulfing candle on the 4-hour chart. Usually, the formation points to a market’s next upward move.
Pepe Coin Price and Political Virality Collide
However, Trump’s mention of Pepe coin on his platform wasn’t an open backing of it. Still, it sparked viral traction among meme traders. Because of his celebrity, the token reached a wide and politically active audience.
Crypto assets have been affected by political happenings previously. Historically, Trump’s involvement online increased trading of NFTs, Bitcoin, and several other meme coins, with PEPE now joining that list.
Volume and Sentiment Confirm Uptrend Potential
Technical indicators remain supportive of a broader rally. The data reveals that both activity among wallet addresses and liquidity are climbing, but steadily. The 20-day average is rising, while the RSI is around 64, implying that bullish momentum is strong but not too high.
Meanwhile, Pepe Coin price continued testing prior resistance zones as new floors. If these factors, such as social interactions and trading, keep increasing, there could be a greater rally ahead.
The renewed narrative around meme coins helps. Having a link to Trump, even just unofficially, adds a new level of popularity to PEPE. With the overall cryptocurrency market recovering, people are becoming more willing to accept higher risks.
Additionally, analyst Man of Bitcoin pointed out that surpassing this level would confirm the beginning of wave (5) in the ongoing Elliott Wave pattern. This pattern suggests further upside is unfolding.
He projected the next resistance at $0.0000198 if PEPE coin price breaks $0.0000163. The price has retested the 78.6% Fibonacci retracement from the latest local peak.
If PEPE price pushes through, the wave extension may carry it toward the upper end of the current price projection zone.
