PEPE coin price analysis shows the meme token has been price volatile. Although it surged temporarily and got some attention from investors, it couldn’t hold above the resistance and now bearish scenarios are playing out, and it could go as low as $0.00001 unless the bulls regain strength and turn things around.
PEPE is holding above the levels. Recently, PEPE has risen into new zones as the focus has shifted from big tokens to meme coins. But the bulls have hit resistance and now the month is looking bearish. It’s rebounding from lows but struggling to hold higher, so it’s a tug-of-war between buyers and sellers.
From the TradingView chart, PEPE’s price is a wild ride with sharp up and down moves, typical of a high-risk asset in the memecoin category. It couldn’t hold resistance so now it’s bearish and could be 15% down to $0.00001. But the buying volume is rising so if that continues, it could recover.
Technical Indicators and Forward-Looking Projections
Despite the bear pressure, PEPE is trading bullish, so the bulls still have control. RSI is not bullish, but neutral near the middle. MACD is positive and MACD crossover in the Ichimoku cloud is coming to an end of the minor correction phase.
CMF is above zero, that’s bullish. More money is flowing in than out. That’s what buyers look like relative to sellers. If bulls manage to pull through, the token could move to the next crucial resistance level of $0.00001369.
The rising buying pressure, shift from short-term to mid-term investments, and bullish chart patterns indicate that prices may continue to rise. However, if PEPE does not break through this resistance level, it may range within a zone that contains the $0.00001146 support level, possibly stabilizing before attempting to rise again.
