PEPE moved up from the $0.00000367 level and peaked near $0.0000039, showing short-lived bullish strength. PEPE then faced strong rejection at higher levels and declined sharply, signaling increased selling pressure. PEPE is currently consolidating around $0.00000376, where buyers are attempting to stabilize the price. PEPE’s reduced volatility suggests momentum is cooling, pointing to a possible range-bound move unless volume returns.
PEPE at a Make-or-Break Zone as Long-Term Breakout Potential Builds
According to analyst 𝐋𝐨𝐧𝐠𝐓𝐞𝐫𝐦®, PEPE has been in a prolonged downtrend on the weekly timeframe, defined by a clear descending trendline connecting lower highs. Price has steadily compressed lower over the past months, eventually reaching a major historical support zone near $0.0000039, where selling pressure appears to be weakening, and volatility has contracted.
The chart highlights this support as a potential long-term accumulation area, with a projected upside scenario targeting a 600%+ move if PEPE successfully reverses the trend. A decisive breakout above the long-term descending trendline would be the key confirmation, potentially opening the door for a strong bullish expansion toward prior supply levels.
PEPE Price Struggles Near Key Support as Bearish Momentum Persists
On the 1-day timeframe, PEPE remains in a broader downtrend, marked by consistent lower highs and lower lows. Recent price action shows weak rebounds followed by renewed selling, keeping price compressed near the $0.0000038 area, which acts as short-term support. The inability to sustain upside momentum suggests bears are still in control, with buyers showing limited follow-through.
Looking at indicators, the relative strength index (RSI) is hovering around the mid-to-lower 30s, signaling weak momentum and near-oversold conditions but without a clear bullish divergence. The MACD remains bearish, with the signal lines below zero and red histogram bars expanding, indicating continued downside pressure.
Source: https://coinpaper.com/14379/pepe-price-prediction-price-at-make-or-break-support-with-600-breakout-potential
