PEPE price remains under bearish pressure, trading below a key descending trendline that keeps the broader downtrend intact. A breakout above this line could trigger a rally toward the $0.00000460–$0.00000713 resistance zone, while failure to hold support may lead to further losses with a downside target of $0.00000083. At the time of writing, PEPE is at $0.000002755, up 1.33% in 24 hours, with a market cap of $1.14 billion. Technical indicators show improving momentum, but the overall market remains cautious.
PEPE price continues to trade below a key descending trendline, according to data from CoinMarketCap. As highlighted by More Crypto Online, sellers still control the market, though a short-term corrective bounce remains possible.
A breakout above the trendline could signal recovery toward the $0.00000460–$0.00000713 resistance zone. If support fails, the next downside target sits at $0.00000083, a level last seen in January 2024.
Technical analysis from TradingView shows that PEPE’s price cycle from April to July included a peak in mid-May, a strong downtrend in June, and a capitulation in early July. A recovery followed, and the price now consolidates around the middle moving average line.
The Bollinger Bands, which widened during the June decline, are now narrowing as volatility reduces. The Relative Strength Index (RSI) has recovered from oversold conditions to 52.86, remaining above the 43.09 signal line.
The future path depends on whether bulls can break the falling trendline. A breakout would push PEPE toward the resistance area, while failure to hold support could trigger additional selling pressure. Broader crypto market trends, including deeper Bitcoin retracements, may influence the outcome.
