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US President Donald Trump’s transient put up on Reality Social on Might 29 sparked a fast burst of pleasure amongst crypto merchants. Primarily based on stories, 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 Worth Strikes
In keeping with market knowledge, PEPE’s value hit its higher resistance after the Trump put up. A brief surge introduced a 5% achieve. Then profit-taking and wider market strain 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, however 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 manner 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) Might 29, 2025
On Drama & Hypothesis
Trump’s message saying he’s “on a mission from God” makes him sound like he has a particular function, not only a political aim. The darkish avenue scene and the phrases “nothing can cease what’s coming” trace that one thing large is coming, even when he doesn’t clarify it. This sort of speak can fireplace up his most loyal supporters – particularly PEPE aficionados – as a result of it feels dramatic and pressing.
Chart Patterns In Focus
Primarily based on stories 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 under the sign line after a current dying cross, hinting at a near-term downtrend. The RSI has dipped towards 52 and should cross under it quickly, which might hold sellers in management.
The 0.618 Fibonacci retracement stage sits at $0.00001 and will act as a bounce level. If that stage provides manner, merchants will have a look at $0.000008 as the subsequent help.
Tariff Ruling Provides Strain
Primarily based on US Court docket of Worldwide Commerce filings, the courtroom reversed Trump’s tariff suspensions proper across the identical 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 progress, they typically dump riskier belongings like meme cash. That blend of social hype and market fear helped push PEPE down after its transient rally.
Trying Forward For Merchants
Primarily based 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 primary goal.
However a falling MACD and RSI level towards extra promoting strain first. Merchants ought to watch the 0.618 stage at $0.00001 for indicators of a bounce. If that stage breaks, they’ll possible purpose for $0.000008 subsequent.
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Featured picture from Inverse, chart from TradingView
