PEPE price shows a clear intraday downtrend, sliding from around $0.0000048 toward the $0.00000455 area after repeated lower highs and sharp sell-offs. Brief rebounds failed to hold, indicating strong selling pressure and weak buyer conviction. Overall price action suggests bearish momentum with downside risk still present in the short term. As of this writing, PEPE is trading at around $0.000004559, down 5% over the past 24 hours. PEPE Token Shows Support at Midline, Eyes Potential Breakout Targets According to PEPE Whale’s analysis, the token is currently holding above the midline of its descending channel on the 3-day chart. This is a positive sign of support during the ongoing consolidation phase. The price has been moving within the defined support and resistance zones, and the midline has acted as a reliable floor, preventing further declines. This suggests the market is gradually building bullish momentum, and a successful bounce off this level could trigger an upward move. If bullish momentum continues, the chart indicates potential breakout targets at $0.00000630, $0.00000850, $0.00001480, and ultimately $0.00002600. However, traders should be aware that the price faces significant resistance as it rises, and these levels will require sustained buying pressure to break. The overall trend suggests cautious optimism, with the midline acting as a key pivot for potential upward movement. PEPE Price Near $0.0000045 Faces Short-Term Bearish Pressure On the daily chart , PEPE is in a short-term bearish correction within a broader sideways-to-weak structure. After a sharp rally earlier that pushed the price toward the $0.0000060–$0.0000065 zone, momentum faded, and sellers stepped in, driving a steady pullback toward the $0.0000045 area. The sequence of lower highs and lower closes suggests buyers are defensive for now, with price hovering near a near-term support rather than launching a fresh uptrend. The relative strength index (RSI) (14) sits around 38, signaling weakening momentum and mild bearish pressure but not yet deep oversold conditions. Meanwhile, the MACD has crossed below the signal line with a slightly negative histogram, indicating bearish momentum is still in control. However, the flattening bars hint that selling pressure may be stabilizing rather than accelerating.
