Over the past week, PEPE fluctuated between $0.0000009328 and $0.00000097, showing a loss of about 8.97%, and a brief spike before gradually declining. At the time of writing, the trend is bearish, with the price dropping to around $0.0000009254, signalling continued selling pressure. Source: CoinMarketCap According to the Pepe Whale chart on X, PEPE is sustaining a steady bullish setup in its major support levels, indicating high levels of accumulation. These levels have been hit several times, which means that buyers are actively holding the position against downward pressure. This consistent base formation indicates that market participants are poised for an upward movement, with the next major resistance and breakout target estimated at around the $0.00000115 level. Source: X Additionally, the bullish outlook is reinforced by the momentum indicators. The MACD indicates a positive cross-over, and the bearish momentum diminishes, whereas the Stochastic RSI and RSI Divergence reflect the increasing positive momentum. All of these are indications of an increasing possibility of a trend reversal due to the driving out of selling pressure, which could then signal a potential breakout rally should the existing support hold. PEPE Mirrors Its Previous Pre-Rally Pattern According to analyst EᴛʜᴇʀNᴀꜱʏᴏɴᴀL, PEPE appears to be experiencing the same market cycle it did before its last major rally. The chart demonstrates the creation of a new base structure, which is very similar to the pattern of consolidation that preceded the explosive move earlier this year in 2024. This indicates once again that PEPE is gathering momentum under the resistance quietly about to enter into the possible breakout stage. Source: X The analyst states that after this formation is done, a parabolic stage may start, in the same direction as the previous cycle. The market is already at rest — “the silence is deep” is profound, an indication that there is understrength and accumulation building up. History repeats, and this consolidation may represent the first phase of a new and powerful bullish PEPE run. PEPE Tests Key Support as Momentum Indicators Hint at Possible Reversal The 1-day PEPE price chart exhibits a mild bearish trend since the token is trading around $0.0000009254 after failing to move above $0.00000095. Sellers are proving their dominance in the resistance at $0.00000097, while buyers are defending the key support at $0.00000090. Any obvious action beyond the resistance may ignite a rebound, whereas any action below the support may catalyze additional losses to $0.00000085. Source: TradingView Looking at the indicators, the MACD is showing convergence between the signal and MACD lines, suggesting fading bearish momentum and a possible shift toward neutrality. Meanwhile, the RSI is hovering near 40, indicating that PEPE is approaching oversold conditions but still lacks strong buying pressure.
