Pepe Makes It to Trump’s Feed—Is a Crypto Endorsement Subsequent?
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US President Donald Trump’s transient publish on Fact Social on Could 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 response to market information, PEPE’s worth hit its higher resistance after the Trump publish. A brief surge introduced a 5% achieve. Then profit-taking and wider market stress drove an 18% correction.
The flip in momentum exhibits how briskly issues can change in meme-coin land. A small tweet or publish 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 Fact 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) 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 purpose. The darkish avenue scene and the phrases “nothing can cease what’s coming” trace that one thing huge is coming, even when he doesn’t clarify it. This sort of discuss 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 latest demise cross, hinting at a near-term downtrend. The RSI has dipped towards 52 and will cross under it quickly, which might preserve sellers in management.
The 0.618 Fibonacci retracement stage sits at $0.00001 and will act as a bounce level. If that stage offers manner, merchants will have a look at $0.000008 as the subsequent assist.
Tariff Ruling Provides Strain
Primarily based on US Courtroom 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 usually unload riskier property 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 publish 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 stress first. Merchants ought to watch the 0.618 stage at $0.00001 for indicators of a bounce. If that stage breaks, they’ll possible goal for $0.000008 subsequent.
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Featured picture from Inverse, chart from TradingView