PEPE, the popular meme coin, is currently navigating a period of sideways movement after failing to break above the $0.00001580 resistance. The price is consolidating in a tight range, with traders closely monitoring the $0.00001200–$0.00001240 support zone for signs of the next move. This area is seen as a potential accumulation point, where buyers may step in if the price holds steady.
Recent trading sessions have shown reduced volatility, making it challenging to predict a clear direction. After two unsuccessful attempts to push past $0.00001580, PEPE reversed course and is now hovering just above a key four-hour order block. If the current support fails, the next significant levels to watch are $0.00001100 and $0.00001072, which could act as buffers against a deeper pullback. A more substantial correction could see the price revisit the $0.00000850 region, a level that previously sparked a strong rally .
On the upside, reclaiming $0.00001580 would be a strong signal for renewed bullish momentum. Until then, the market structure favors short-term trades around well-defined support and resistance, rather than long-term trend-following strategies.
Chart Patterns Point to Ongoing Accumulation
PEPE’s historical price action reveals a pattern of triangle formations, where periods of compression are often followed by sharp breakouts. In 2023 and early 2024, these breakouts were typically confirmed by surges in trading volume, leading to rapid price increases. The current setup features an ascending triangle, with rising lows and resistance near $0.000020. If support holds and trading activity picks up, another breakout could be on the horizon.
However, if the $0.00001200 support is breached, it may open the door to a broader correction. For now, the market is focused on technical levels, with traders waiting for a decisive move before committing to new positions.
What’s Next for PEPE?
• Support to Watch: $0.00001200–$0.00001240
• Key Resistance: $0.00001580
• Potential Downside Levels: $0.00001100, $0.00001072, $0.00000850
• Pattern in Play: Ascending triangle, with potential for breakout if volume increases
Source: Post on X
PEPE’s price action remains reactive to these technical zones, and the next significant move will likely depend on whether support holds or breaks. As always, traders should keep an eye on volume and market sentiment for clues about the coin’s next direction.
For more on PEPE’s price trends and technical analysis, check out Pepecoin Price Prediction and Technical Analysis for May 2025 and Pepe Coin Price Update—Current Value and Market Trends.
