PEPE shows a clear downward trend over the past week, dropping from about $0.000005008 to roughly $0.000004175. This reflects an estimated decline of around 16% over the period. The overall momentum remains weak, signaling that sellers continue to maintain control of the market. As of today, PEPE shows a strong intraday recovery, rising from around $0.00000407 after early volatility to about $0.000004182. The price action reflects a clear shift from bearish movement to steady upward momentum throughout the day. At press time, PEPE was trading at $0.000004182, reflecting a modest 3.41% increase over the past 24 hours. PEPE price chart, Source: CoinMarketCap PEPE Breakdown Eyes $0.00000185 Target After Pattern Confirmation PEPE breaks down from a head-and-shoulders pattern near $0.0000044, confirming a major bearish reversal signal. The chart clearly outlines the left shoulder, head, and right shoulder formation, followed by a clean breakdown below the neckline, an area that had previously acted as strong multi-month support. Once this level failed, selling pressure intensified, showing that bulls were unable to regain control or defend any nearby support zones, reinforcing the bearish shift in momentum. Source: X According to recent data by Ali Martinez, the completion of this pattern now opens the door to lower Fibonacci extension targets, with the most important one sitting at $0.00000185. This aligns with the 1.618 extension, often used to project full downside completion after a confirmed reversal structure. As long as PEPE remains below the neckline and continues forming lower lows, the technical outlook points toward an extended decline into this zone. Unless buyers reappear and reclaim key resistance levels soon, the trend suggests PEPE may drift further toward this target before any meaningful recovery attempt. PEPE Extends Weekly Downtrend as Momentum Continues to Fade The weekly chart clearly shows that PEPE remains stuck in a decisive downtrend, with price action forming consistent lower highs and lower lows ever since the major blow-off top. Each rebound has grown progressively weaker, signaling fading bullish strength and a lack of conviction from buyers. This kind of structure is typical when a macro trend has shifted from expansion to distribution, and the highlighted zones on the chart reinforce how momentum has steadily drained from the market. Source: X As PEPE continues to slide, there’s still no meaningful reaction from any strong support zone, which keeps the bearish outlook intact. The next demand area will be crucial; if buyers fail to defend it, the token could drift even lower in the coming weeks. However, if accumulation starts to appear, a temporary relief bounce becomes possible.
