PEPE price is showing strong bearish pressure as selling momentum continues to dominate the market. The token recently dropped from around $0.00000336 and moved lower after failing to maintain buying strength. The decline suggests weakening support and cautious sentiment among traders. PEPE is currently trading near $0.00000326, reflecting an approximate 3.24% decrease for the past 24 hours.
PEPE Faces Bearish Pressure as $0.00000347 Resistance Caps Recovery
Pepe price is trading near $0.00000335 after losing a key horizontal support level. The breakdown changed the market structure to bearish. The previous support around $0.00000343–$0.00000347 is now acting as resistance. Price recently moved back to retest this area from below. The rejection signals weak buying pressure. As long as PEPE remains below this resistance zone, the bearish structure stays intact.
According to analyst Cryptorphic, the retest of the broken support is a classic continuation signal. The chart also shows a downward-moving trend line pushing the price lower. Momentum favors sellers while the price trades under $0.00000347. The projection on the chart points to a deeper drop if rejection continues. A 6-hour candle close above $0.00000347 would invalidate the bearish setup. That move would suggest buyers are reclaiming control and could trigger a short-term recovery.
PEPE Price Shows Continued Downtrend as Sellers Maintain Control
Pepe price on the 1-day chart continues to show a gradual downtrend. The market keeps forming lower highs and weaker rebounds. Price is trading near $0.00000325 as selling pressure persists. The nearest support sits around $0.00000320, where price recently stabilized. The main resistance appears near $0.00000340–$0.00000345, a zone where previous rebounds failed. As long as PEPE remains below this resistance area, the broader trend stays bearish.
The Relative Strength Index is hovering around 34–39, which signals weak momentum and mild oversold pressure. The Moving Average Convergence Divergence also remains in negative territory. The MACD line trades below the signal line while the histogram prints small red bars. This structure suggests fading buying momentum. A bullish shift would likely require RSI rising above neutral and MACD crossing upward.
Source: https://coinpaper.com/15244/pepe-price-at-0-00000325-will-bears-push-it-below-key-support
