Over the past week, PEPE traded mostly sideways with mild upward momentum before facing a sharp sell-off. The price has dropped from around $0.0000005704 to $0.0000005281, reflecting an estimated decline of about 7.4%. As of today, PEPE exhibits a clear bearish trend, dropping from around $0.000059 to the $0.000052 zone, with weak recovery attempts. Each bounce near $0.000054 faces selling pressure, showing limited buyer strength. Overall, the price remains under steady downward pressure, signaling cautious sentiment among traders. At the time of writing, PEPE was trading at $0.000005264, representing a 10% decrease in the last 24 hours. PEPE price action over the past 24 Hours (Source: CoinMarketCap ) PEPE Shows Early Signs of Stabilizing After Prolonged Downtrend According to recent data from Pepe Whale, PEPE has been moving in a sustained downtrend, with each attempt to bounce resulting in a lower high. This behavior reflects consistent selling pressure and weak momentum from buyers. The price temporarily stabilized in a small consolidation zone near $0.00000680, but it eventually broke down, signaling that the market was not ready to shift out of the bearish structure. As a result, PEPE continued drifting lower toward its next support region. Currently, the chart indicates early signs of the price stabilizing after the recent decline. The selling pressure is slowing, and a minor rebound structure is beginning to form. If buyers strengthen their position, PEPE could attempt a short-term recovery toward the $0.00000680–$0.00000800 zone, which now stands as the next key resistance area. A move into this region would indicate improved sentiment, although the overall trend still requires a strong breakout to shift to a bullish stance. PEPE Struggles Near Support as Bearish Momentum Dominates PEPE continues to move in a clear downtrend on the 1-day chart, forming lower highs and gradually grinding lower after each brief bounce. The price has slipped back toward a major support zone near $0.00000520, which has been tested multiple times. Overhead, the closest resistance sits around $0.00000580–$0.00000600, where previous rallies have repeatedly stalled. PEPE 1-day price chart, Source: TradingView The relative strength indicator (RSI) is hovering around 31–35, showing that momentum is weak and the market is in bearish conditions. The MACD remains bearish, with the signal line above the MACD line and the histogram printing mostly red bars, reflecting persistent downward pressure.
