On May 26, 2025, the PEPE/USDT 4-hour chart on Binance revealed the formation of an ascending channel. The chart shows two rising red trendlines — one connecting higher lows and the other tracking higher highs — creating a clear upward-sloping price corridor.
An ascending channel is a bullish continuation pattern where price moves between two upward-sloping trendlines. The lower line acts as support, and the upper one acts as resistance. This pattern suggests buyers remain in control, though it may also break down if selling pressure increases.
If PEPE confirms a breakout above the upper red resistance line, the price could jump from the current level of 0.00001416 USDT to approximately 0.00003141 USDT. That move would represent a gain of nearly 124%. The breakout target aligns with the previous horizontal resistance marked in blue.
Confirmation would require a strong volume spike and a 4-hour close above the red resistance line.
Alternatively, if PEPE fails to hold the ascending support, the price may fall toward the 0.00000747 USDT level, which is marked by the lower blue horizontal support. That would mean a decline of around 46% from the current price. Such a breakdown would likely require a 4-hour candle close below the lower dashed red trendline.
The 50-period Exponential Moving Average (EMA), currently at 0.00001372 USDT, is acting as short-term dynamic support. The price is hovering just above it, signaling indecision.
Volume has remained steady but low. If volume increases during a breakout attempt, the bullish scenario gains strength. On the other hand, a drop below the EMA and rising sell volume could push the price into the bearish zone.
The next few candles will likely decide PEPE’s direction. Until then, both bullish and bearish outcomes remain in play.
PEPE RSI Hints at Neutral Momentum Before Breakout
On May 26, 2025, the PEPE/USDT 4-hour chart showed the Relative Strength Index (RSI) at 52.38, with its moving average at 46.52.
The Relative Strength Index (RSI) is a momentum oscillator that ranges from 0 to 100. Values above 70 suggest overbought conditions, while below 30 indicate oversold levels. A reading around 50 signals balanced momentum.
PEPE’s RSI sits just above the 50 mark, suggesting a consolidation phase. The RSI line has crossed above its average, pointing to a possible shift in momentum, but without strong confirmation yet.
If RSI moves above 60, it could support a breakout toward 0.00003141 USDT. A drop below 45 would align with a decline toward 0.00000747 USDT.
The current RSI level reflects a balanced market with no clear direction. It supports the ongoing range-bound structure visible on the price chart.
Whale James Wynn Opens $20M Leveraged PEPE Trade, Gains 22%
Meanwhile, on May 26, 2025, well-known crypto whale James Wynn opened a large 10x leveraged long position on meme coin PEPE, using the Hyperliquid trading platform. The total value of the trade is $19,997,222, based on Wynn’s entry price of $0.0140 per token.
Wynn’s position consists of 1,388,696,014 PEPE tokens, backed by $1,999,722 in margin. He placed the trade using cross-margin mode, meaning his full margin balance can be used to prevent liquidation. The liquidation price is set at $0.0102, giving the trade a notable buffer as PEPE currently trades at $0.0144.
As of the latest mark price, Wynn’s position is up 22.2%, reflecting an unrealized profit of $434,867. However, the trade has also generated $876.61 in negative funding fees, which are ongoing charges for holding a leveraged position in a perpetual futures contract.
In addition to his PEPE position, Wynn opened another leveraged long on Bitcoin (BTC). The liquidation price for that BTC trade is $103,000, showing that Wynn expects Bitcoin to continue rising. The size and margin details of the BTC position were not disclosed.
