A May 29 Truth Social post from Trump has been widely read as a subtle nod to Pepe, sparking viral traction and bolstering bullish Pepe price forecasts.
The situation has drawn comparisons to Elon Musk’s public endorsements of Dogecoin, which helped propel DOGE to the top of the meme coin market during the last bull cycle.
While not an explicit endorsement, Trump’s post has ignited a wave of excitement among speculators, fueling hopes that history might repeat itself with PEPE.
Still, market reaction has been tempered by broader macro pressures. A 6% price surge in the hours following the post quickly gave way to an 18% correction.
The U.S. Court of International Trade’s flip-flop on Trump’s tariff suspensions appears to be the primary driver of the shift, as risk-on sentiment recedes and traders remain cautiously optimistic.
PEPE Price Prediction: Could Hype-Fuelled Speculation Push New Highs?
A more direct presidential shill could give PEPE the momentum it needs to break out of the channel forming the handle of a 5-month cup-and-handle pattern.
PEPE / USDT 1-day chart, cup-and-handle pattern. Source: TradingView, Binance.
The initial market reaction to Trump’s post pushed the PEPE price towards its upper resistance, but the move lacked the conviction for a full retest.
Momentum indicators currently favour the bears, with the MACD line widening its gap below the signal line after a recent death cross—a sign of a sustained near-term downtrend.
More so, the RSI is en route to cross below the neutral line at 52, adopting a steep downtrend. If this trend continues, sellers stand to overwhelm buyers.
A social catalyst could maintain the pattern, with the 0.618 Fibonacci retracement level—a common bottom during minor corrections—at $0.00001 serving as a potential reversal point.
On the contrary, a breakdown below lower support could invalidate the bullish pattern completely, eying the next key support level at $0.000008.
Should a breakout occur by mid-June, the cup-and-handle pattern suggests upside toward $0.000026—a 100% gain from current prices.
Traders Have Under 24 Hours to Catch This Pepe Opportunity
Since the mid-April market bottom, those who back the wrong horse are missing out on substantial gains as most coins loom far below their highs just four months ago.
That’s where MIND of Pepe ($MIND) steps in, giving traders a chance to get in early and stay ahead of high-gaining opportunities.
The MIND of Pepe AI will actively engage with the crypto community through X—driving conversations, uncovering alpha opportunities, and delivering exclusive, token-gated insights.
Inside its Telegram community, holders get early access to high-potential tokens before they hit the market, keeping them ahead of the curve.
At the time of writing, MIND has raised almost $11.5 million in its ongoing presale, capitalizing on the Pepe brand and one of this cycle’s strongest meme coin narratives: AI agents.
There are just under 24 hours before this phase ends, unlocking the untapped demand of exchanges.
You can keep up with MIND of Pepe on the mentioned socials, or join the presale on the MIND of Pepe website.
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