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US President Donald Trump’s temporary put up on Reality Social on Could 29 sparked a fast burst of pleasure amongst crypto merchants. Based mostly on experiences, some customers noticed a hidden reference to the Pepe meme coin (PEPE).
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Within the subsequent few hours, PEPE shot up by 5% however then fell again by 15%. Merchants at the moment are watching to see if this social push can do what Elon Musk as soon as did for Dogecoin.
Pepe Value Strikes
Based on market information, PEPE’s worth hit its higher resistance after the Trump put up. A brief surge introduced a 5% acquire. Then profit-taking and wider market stress drove an 18% correction.
The flip in momentum reveals how briskly issues can change in meme-coin land. A small tweet or put up can ship costs hovering, nevertheless it solely takes a little bit of promoting to push them down once more.
🚨 Wait, what Trump simply dropped a $PEPE pic on Reality Social 🚨
Is that this a secret crypto endorsement or simply trolling the web?
Both approach the $PEPE rocket would possibly simply have a brand new co-pilot.
What’s subsequent a $PEPE rally or a Twitter soften down Keep tuned👀 pic.twitter.com/cu8RF7D55b
— Josh Mair (@WizzOfCrypto) Could 29, 2025
On Drama & Hypothesis
Trump’s message saying he’s “on a mission from God” makes him sound like he has a particular objective, not only a political objective. The darkish avenue scene and the phrases “nothing can cease what’s coming” trace that one thing massive is coming, even when he doesn’t clarify it. This type of discuss can hearth up his most loyal supporters – particularly PEPE aficionados – as a result of it feels dramatic and pressing.
Chart Patterns In Focus
Based mostly on experiences from chart watchers, PEPE seems to be forming a cup-and-handle sample that started about 5 months in the past. If the coin breaks above the deal with, some say it might attain $0.000026—double its present stage.
Proper now, the MACD line sits beneath the sign line after a current loss of life cross, hinting at a near-term downtrend. The RSI has dipped towards 52 and will cross beneath it quickly, which might maintain sellers in management.
The 0.618 Fibonacci retracement stage sits at $0.00001 and will act as a bounce level. If that stage offers approach, merchants will have a look at $0.000008 as the subsequent help.
Tariff Ruling Provides Stress
Based mostly on US Court docket of Worldwide Commerce filings, the court docket reversed Trump’s tariff suspensions proper across the similar time that PEPE spiked. That transfer appears to have dampened the market’s risk-on temper.
For a lot of merchants, broader commerce information could be a larger issue than any single tweet. If merchants fear about tariffs and slower development, they typically unload riskier belongings like meme cash. That blend of social hype and market fear helped push PEPE down after its temporary rally.
Wanting Forward For Merchants
Based mostly on this mixture of social buzz and chart indicators, it’ll take greater than a touch in a put up to maintain PEPE climbing. If the coin can break above its present resistance by mid-June, $0.000026 appears to be the principle goal.
However a falling MACD and RSI level towards extra promoting stress first. Merchants ought to watch the 0.618 stage at $0.00001 for indicators of a bounce. If that stage breaks, they’ll doubtless purpose for $0.000008 subsequent.
Associated Studying
Featured picture from Inverse, chart from TradingView
