PEPE shows a steady recovery after a brief dip, followed by consolidation with higher lows and limited pullbacks. Buying pressure increased, gradually lifting the price above the $0.00000370 level. Momentum strengthened as sellers failed to push the price back into the lower range.
Price moved toward $0.00000374, signaling growing bullish confidence. Volatility remained controlled, suggesting accumulation rather than distribution. The structure stays bullish while price holds above nearby support zones. Currently, PEPE is trading at $0.000003816, up by 4.42% for the past 24 hours.
PEPE Poised for Major Breakout
The weekly PEPE chart shared by analyst STEPH IS CRYPTO shows price compressing inside a large falling wedge. This pattern is defined by a descending resistance line and a gradually rising support trendline. After peaking near the $0.000028–$0.000030 region in 2025, PEPE has continued to print lower highs while steadily declining toward key support. The token is now trading around $0.000003688, sitting very close to the lower boundary of the wedge. This compression between $0.000014 and $0.0000036 support zone reflects sustained selling pressure. It also indicates tightening volatility.
The green projection on the chart suggests a potential breakout for PEPE. If it breaks convincingly above the descending resistance, currently below the $0.000010 area, momentum could pick up. This move could trigger a sharp price increase. The analyst outlines potential upside of about 860%, which would bring the price back toward $0.000030. However, until PEPE reclaims resistance levels and secures a strong weekly close above the wedge, the broader structure remains technically bearish. The $0.0000036 zone acts as immediate support, while a confirmed breakout above the trendline would be the first signal of a possible trend reversal.
PEPE Price Faces Continued Downtrend Amid Bearish Momentum
The 1-day PEPE chart shows a prolonged downtrend, with the price declining from recent highs near $0.00000550 to the current level around $0.00000371. The price has been forming lower highs and lower lows, reflecting persistent selling pressure. Recent attempts at recovery, such as the bounce above $0.00000370, have been limited, suggesting the market remains under bearish control.
Looking at the indicators, the MACD shows a negative crossover, with the MACD line below the signal line, confirming bearish momentum. The histogram is slightly improving but remains in negative territory, indicating that selling pressure is slowing but not yet reversing. The RSI is near 37.25, suggesting the token is approaching oversold conditions but not deeply oversold. This combination of MACD and RSI signals supports a cautious outlook, with potential for short-term consolidation before any meaningful upward move.
Source: https://coinpaper.com/14594/pepe-eyes-massive-860-surge-as-falling-wedge-signals-potential-breakout
