Meme coin PEPE has been hovering near a crucial support level over the past few weeks, following a sustained decline that began at the start of the year. Interestingly, a crypto analyst on TradingView has highlighted this price support as a make-or-break level for PEPE, suggesting that a breakout above this zone could spark a 400% rally toward $0.0001. This outlook comes after a particularly challenging week for the entire crypto market, during which PEPE extended its losses and dropped to its lowest price point in months.

This Level To Trigger 400% Move For PEPE

Technical analysis shows that PEPE’s upward trajectory hinges on a bounce at support around $0.00000650. This interesting analysis was highlighted by a crypto analyst on the TradingView platform using the PEPE weekly candlestick timeframe chart. 

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This support level comes into play in light of PEPE’s extended decline since the beginning of the year. Interestingly, technical analysis shows that the decline looks like a repeating pattern of the meme coin’s price action in 2024. The ongoing correction stems from PEPE’s peak price of $0.00002803 in December 2024, which the analyst termed the third drive. Notably, earlier first and second drives in 2024 were also each accompanied by a correction phase after rallies.

Interestingly, the meme coin has shown signs of life in the past 24 hours with a push above this support level and climbing into the $0.000007 range. However, the uptrend could not be defined yet, and the crypto analyst noted that any uptrend will depend on how PEPE reacts with a crucial resistance zone between $0.00001150 and $0.00001200. 

This level has previously acted as support but has now turned into resistance. Therefore, a weekly close above this zone would confirm a bullish breakout and a potential trend reversal from bearish to bullish.

Price Targets If The Meme Coin Breaks Above Resistance

A break above $0.00001200 would cement a breakout with more momentum for PEPE. Such a breakout would mark the first bullish catalyst in a while, confirm momentum, and lead to increased buy-side pressure with an aggressive upward move. From here, the next resistance levels are projected to be around $0.00001700 to $0.00002200. A move to $0.00002200 will most likely cascade into more momentum above its current all-time high of $0.00002803. 

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The analyst further predicted a price target of $0.0001, provided the bullish momentum sustains itself. However, failure to close above the key resistance level at $0.00001200 could result in a continued downtrend, with PEPE possibly retesting lower support zones around $0.00000650 to $0.00000550.

At the time of writing, PEPE is trading at $0.000007239, up by 4.4% in the past 24 hours. PEPE’s ability to sustain such an upward trajectory would depend on broader market conditions for Bitcoin and other large market cap cryptocurrencies.

Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin (BTC) surged nearly 8% on Wednesday, reclaiming levels above $90,000 after briefly dropping below $80,000 five days ago. This sharp recovery signals renewed bullish momentum as investors react to speculation surrounding Trump’s proposed US crypto reserve plan.

Key technical indicators, such as the DMI and Ichimoku Cloud, suggest that buyers have regained control. Whether BTC can sustain this momentum and push toward $100,000 or face renewed volatility depends largely on upcoming market developments, including the White House Crypto Summit.

Bitcoin DMI Shows Buyers Have Reclaimed Control

Bitcoin’s Directional Movement Index (DMI) shows that the ADX has fallen to 17.5, down significantly from 27.6 just two days ago. A declining ADX indicates weakening trend strength, meaning that the previous downtrend has lost momentum.

At the same time, the +DI has risen to 27.9 from 17.7 yesterday, while the -DI has dropped from 30.5 to 20.5. This shift suggests that bullish momentum is increasing while selling pressure is fading.

Bitcoin is currently attempting to transition from a downtrend to an uptrend, and these movements in the DMI lines indicate that buyers are starting to gain control.

ADX, or the Average Directional Index, measures trend strength rather than direction. Values above 25 typically signal a strong trend, while values below 20 indicate a weak or indecisive market.

With ADX now at 17.5, Bitcoin’s current price action lacks strong trend confirmation, making its next move critical.

However, the rising +DI and falling -DI suggest that bullish pressure is increasing. If ADX starts rising again alongside a widening gap between +DI and -DI in favor of buyers, Bitcoin could establish a new uptrend.

Conversely, if ADX remains low, price action may stay choppy, lacking the strength needed for a decisive breakout.

BTC Ichimoku Cloud Shows a Shift In Momentum

Bitcoin’s Ichimoku Cloud structure suggests a potential shift in momentum as the price moves above key levels. The price has recently broken above the red baseline, indicating growing bullish pressure. However, it is still interacting with the cloud, which represents a zone of uncertainty where trends often get tested.

The green leading span A is beginning to slope upward. In contrast, the orange leading span B remains relatively flat, showing that the cloud ahead is transitioning into a possible support area.

Additionally, the lagging span (green line) is approaching price action from 26 periods ago, suggesting that Bitcoin is determining whether this breakout has enough strength to continue.

The Ichimoku Cloud is a dynamic indicator that highlights trend direction, momentum, and key support and resistance zones. A decisive move above the cloud would confirm a stronger bullish trend, allowing Bitcoin to establish a more defined uptrend.

However, if the price fails to hold above the red baseline and re-enters the cloud, it could indicate a period of consolidation or even a retest of lower levels.

The current setup suggests that Bitcoin is at a critical point. Continued momentum could lead to a breakout, but hesitation near the cloud could result in sideways movement before a clearer trend emerges.

How Will Bitcoin React After the White House Crypto Summit?

Bitcoin has reclaimed the $90,000 level as speculation grows over potential special treatment in Trump’s proposed US crypto reserve plan.

This renewed bullish momentum puts BTC in a position to test key resistance at $94,833. A breakout above this level could potentially lead to a rally toward $99,472.

If bullish sentiment continues to build, Bitcoin could surpass $100,000 for the first time since February 3, marking a significant milestone.

The overall trend will depend on whether buying pressure remains strong enough to sustain the current momentum and push past these critical levels.

However, Bitcoin’s recent price action has been highly volatile, with strong swings in both directions over the past few weeks.

Market uncertainty surrounding the upcoming White House Crypto Summit on March 7 adds further risk, as any developments that fall short of investor expectations could trigger a renewed downtrend.

If bearish pressure intensifies, BTC could face a sharp decline, potentially dropping as low as $78,179.

Ethereum (ETH) has gained nearly 6% in the last 24 hours, bringing its price back above $2,200 after briefly dropping near $2,000. This recovery comes as investors anticipate potential market-moving developments from the upcoming White House Crypto Summit.

Key indicators such as the RSI and DMI suggest that Ethereum is at a pivotal point, with bearish momentum weakening but not entirely gone. If bullish pressure continues to build, ETH could break above key resistance levels, potentially aiming for $3,000 in the coming weeks.

Ethereum RSI Is Neutral, But Up From Yesterday

Ethereum’s Relative Strength Index (RSI) is currently at 48.9, reflecting a neutral stance after significant fluctuations in recent days.

Two days ago, RSI reached 67.6, approaching overbought territory, before dropping to 36.1 yesterday, signaling a brief period of stronger selling pressure.

The current RSI level near 50 indicates that Ethereum is neither strongly overbought nor oversold, positioning it at a key inflection point where the next move could define short-term direction.

RSI, or the Relative Strength Index, is a momentum indicator that measures the speed and magnitude of price changes to determine whether an asset is overbought or oversold.

Typically, RSI values above 70 indicate overbought conditions, suggesting a potential pullback, while values below 30 signal oversold conditions, often leading to a bounce. With ETH RSI now at 48.9, it suggests a more balanced market, where neither buyers nor sellers have a clear upper hand.

If RSI starts climbing again, it could indicate renewed bullish momentum, pushing Ethereum toward higher levels. However, if it declines further, it may signal increasing bearish pressure, leading to a potential retest of lower support zones.

Ethereum DMI Shows Sellers Are Still In Control, But The Gap Is Narrowing

Ethereum’s Directional Movement Index (DMI) shows that the ADX is currently at 31.3, maintaining a level around 30 for the last two days. An ADX above 25 typically indicates a strong trend, and with the indicator holding steady above this threshold, it confirms that Ethereum is in a well-defined trend.

At the same time, the +DI has risen to 18.6 from 11.8 yesterday, while the -DI has dropped from 33 to 26.6. This shift suggests that bearish momentum is weakening while bullish pressure is slowly increasing.

However, since the -DI remains above the +DI, Ethereum is still in a downtrend, though signs of potential stabilization or trend reversal are emerging.

ADX, or the Average Directional Index, measures the strength of a trend without indicating its direction. Readings above 25 signal a strong trend, while values below 20 indicate weak or indecisive market conditions.

With ETH’s ADX at 31.3, the current downtrend remains strong, but the narrowing gap between +DI and -DI suggests that selling pressure is losing intensity. If +DI continues rising and overtakes -DI, Ethereum could begin shifting toward a more bullish structure.

However, if DI stays dominant and ADX remains elevated, the downtrend could persist, leading to further declines before any meaningful reversal occurs.

Will Ethereum Break Above $3,000 In March?

Ethereum recently experienced a sharp correction, briefly testing levels around $2,000 before rebounding. If the current downtrend reverses,

ETH could push toward the $2,550 resistance, with a breakout above this level potentially leading to a rally toward $2,855.

A strong uptrend could even propel Ethereum above $3,000 for the first time in over a month, with the possibility of reaching $3,442 if bullish momentum continues.

The strength of this recovery will depend on upcoming events, such as the White House Crypto Summit, with some users concerned about Ethereum’s indirect representation.

However, Ethereum remains at risk of further downside if bearish momentum returns. A renewed sell-off could bring ETH back to the $2,077 support level, and if this zone fails to hold, Ethereum price could drop below $2,000 once again.