PEPE is trading at around $0.00000340 after declining from an earlier peak of $0.00000365. The market rallied briefly before losing momentum. Price then formed a series of lower highs. This pattern signals increasing selling pressure. The latest move shows a sharp drop below the $0.00000345 support. Sellers appear to be gaining control in the short term. If weakness continues, PEPE may test lower levels soon.
PEPE Tightens in Accumulation as Breakout Pressure Builds
According to analyst Pepe Whale, PEPE is trading near $0.0000003649 while holding support around $0.0000003319. Price recently bounced from the lower Bollinger Band. This reaction shows buyers are still active near this support zone. The Bollinger Bands are tightening significantly. PEPE price is moving sideways, forming a consolidation range. This structure often appears during accumulation phases.
The 20-day moving average near $0.0000004022 remains the first key resistance. PEPE must reclaim this level to regain short-term momentum. A strong breakout could open the path toward $0.0000004724. That level may confirm a broader trend shift. RSI sits near 40.6 and shows recovering momentum. The indicator still has room before reaching overbought levels. Volume remains steady near 4.5T. This suggests gradual accumulation rather than panic selling.
PEPE Price Tests Critical Support as Bearish Momentum Builds
According to analyst CryptoPulse, PEPE is trading near $0.00000344. Price is testing a key support zone between $0.00000336 and $0.00000349. Recent candles show steady downside pressure. Sellers remain in control of the trend. The market continues forming lower highs and lower lows. This structure reflects a persistent bearish trend. If buyers fail to defend support, the decline may accelerate.
Technical indicators also confirm weak momentum. The MACD remains below the signal line and continues pointing downward. RSI remains below 50, indicating limited buying strength. Volume increased during recent red candles. This suggests strong selling activity. If the support zone breaks, the next downside target appears near $0.00000310.
Source: https://coinpaper.com/15113/pepe-price-faces-key-support-amid-rising-bearish-pressure
