PEPE is facing strong rejection near $0.3716, triggering a sharp downward move toward $0.3547. Bullish attempts quickly weakened as selling pressure took control. The price structure now reflects fading momentum, with buyers struggling to sustain any recovery. Continued weakness suggests downside risk remains unless stronger demand emerges to stabilize price action.
As of this writing, the Memecoin is trading at around $0.00000353, down 4.10% over the past 24 hours.
PEPE Price Eyes Key Support as Bears Maintain Short-Term Control
PEPE is trading under pressure, with the price struggling below the $0.00000374–$0.00000384 resistance zone. Bearish momentum remains dominant as upside attempts continue to weaken. According to Pepe Whale, the chart suggests a likely move toward support at $0.00000354. Further downside could extend into $0.00000340 or even $0.00000330 if selling pressure persists. Price structure shows lower highs, reinforcing short-term weakness. Sellers remain in control unless a strong reversal appears.
A short setup becomes attractive near $0.00000374–$0.00000384 with bearish confirmation signals. Targets sit at $0.00000354 and $0.00000340 as key support levels. However, a sweep below $0.00000331 followed by a quick reclaim of $0.00000340 could trigger a bullish reversal. In that case, upside targets shift toward $0.00000368 and $0.00000374. A strong close above $0.00000384 invalidates bearish bias and opens a move toward $0.00000414.
PEPE Price Near $0.00000357 Amid Weak Bearish Momentum
The 1-day PEPE/USD chart shows a clear downtrend followed by consolidation. The token is currently around $0.00000357, after rejecting higher levels near $0.00000380. The structure shows consistently lower highs and a gradual decline, confirming sustained bearish pressure. Recent candles are small and flat, indicating weak momentum and market indecision near the current range. Support has formed around $0.00000354, while upside attempts struggle to break above $0.00000370–$0.00000380, keeping the trend biased to the downside unless a breakout occurs.
The RSI (14) is around 47, showing mild bearish sentiment but no oversold conditions. Meanwhile, the MACD shows a weak bullish crossover attempt, but the histogram remains small, indicating limited buying strength. Since MACD tracks trend direction and momentum through moving average convergence/divergence, weak or flat readings often signal consolidation or a lack of strong trend conviction.
Source: https://coinpaper.com/15529/pepe-price-faces-rejection-as-bears-target-key-support-zones
