The PEPE price chart shows that the token initially rallied to around $0.00000385 but faced strong resistance, leading to a sharp pullback. The price had been fluctuating in a consolidation range between roughly $0.00000375 and $0.00000380. It recently dropped to $0.000003708, indicating increased selling pressure. Overall, the pattern suggests short-term bearish momentum. Support near $0.0000037 acts as a critical level to watch for potential stabilization or further declines. PEPE Price Eyes Rebound Near Key Support Amid Broader Downtrend The chart shows that PEPE has been in a broad downtrend since late 2025, with the price gradually declining inside defined downward channels. Recently, the price has been basing near a key demand zone between $0.0000036 and $0.0000038. This zone is acting as short-term support. According to the analyst “PEPE Whale,” this support could hold, giving the market room to attempt a rebound. The chart highlights previous failed attempts to break higher, followed by consolidation. This suggests the downtrend will continue and calls for caution until a clear breakout occurs. Upside momentum could start if PEPE holds above the support zone and breaks the key level at $0.0000050. Analysts identify potential resistance levels at $0.0000068 and $0.000010, which would act as short-term and medium-term targets if the rebound gains traction. However, if the support fails, downside risk remains open, keeping the broader downtrend intact. Essentially, the next moves hinge on whether demand near $0.0000036–$0.0000038 can sustain buying pressure, triggering a recovery. PEPE Faces Continued Bearish Pressure Amid Short-Term Consolidation Looking at the 1-day PEPE/USD chart, PEPE has been in a clear downtrend, with the price forming lower highs and lower lows over time. After a brief period of minor upward movement, the price continues to struggle near the $0.0000037 level. Selling pressure remains dominant. Short-term consolidation is visible, but the overall direction is still bearish. The technical indicators reinforce this trend. The MACD line is below the signal line, and the histogram shows negative bars, signaling continued bearish momentum. The Chaikin Money Flow (CMF) is at -0.07, suggesting capital is flowing out of the market, which supports the downward price movement. These indicators highlight that sellers are currently controlling the market.
