PEPE remains under strong selling pressure after peaking near $0.000004077 earlier in the session. The price gradually declined below the $0.00000405 level as bearish momentum intensified. A sharp sell-off pushed the token down toward the $0.00000385 support zone. This move confirmed increased downside volatility and aggressive distribution. PEPE is currently trading at $0.00000407, down approximately 0.73% on the day. The rebound from the lows remains weak and lacks strong follow-through. Immediate resistance stands between $0.00000400 and $0.00000405. Sellers continue to maintain short-term market control. PEPE Forms Falling Wedge as 758% Breakout Target Emerges According to analyst STEPH IS CRYPTO, the 1-week PEPE/USDT chart displays a clear falling wedge structure. Pepe price has been trending lower while forming lower highs and lower lows. The pattern shows compression between descending resistance and steady support. Recent weekly candles are trading around the $0.0000043 to $0.0000045 region. This zone is acting as a major structural support level. Buyers continue defending this area despite broader market weakness. Selling pressure appears to be gradually fading near $0.0000045. The wedge is tightening as price approaches the apex. A confirmed breakout above the upper trendline could trigger strong bullish momentum. STEPH IS CRYPTO outlines a projected upside of approximately 758%. From the current $0.0000045 level, that suggests a move toward $0.0000035 to $0.0000040. That target area aligns with previous weekly resistance zones. Volume expansion would be needed to confirm breakout strength. Holding above $0.0000043 remains essential for the bullish outlook. A weekly close below support would invalidate the setup and delay recovery. PEPE Price Holds Near $0.0000039 as Bearish Momentum Persists On the 1-day chart, PEPE remains in a broader downtrend, characterized by a series of lower highs and lower lows across the displayed period. Pepe price action recently traded around $0.000003926 after opening near $0.000004051. PEPE reached a daily high of $0.000004054 and a low of $0.000003849, reflecting continued selling pressure. There was a brief bullish spike earlier that pushed the price higher. However, momentum faded, and sellers regained control, driving the token back toward the $0.0000038–$0.0000040 support zone. The overall structure still favors bears unless price decisively reclaims and sustains levels above $0.0000041. The MACD (12, 26, 9) shows the MACD line slightly below the signal line, with values around -0.000000127 and -0.000000162, while the histogram remains marginally negative at about 0.000000035, signaling weak bearish momentum but signs of possible stabilization. Meanwhile, the RSI (14) sits near 42.44, with its moving average around 45.20, indicating that bullish momentum is still limited.
