PEPE: Struggles to Recover After Rejection at $0.00009

Understanding the Current Situation of Pepe (PEPE)

In the world of cryptocurrency, Pepe (PEPE) has faced some challenging times recently. This digital token has dropped below a crucial support level that was established back in February. What this means is that sellers, often referred to as “bears,” are dominating the market. Let’s break down what’s happening with PEPE and what this might mean for its future.

PEPE’s Price Movement and Bearish Control

Pepe’s price recently attempted to bounce back but struggled to break above the crucial resistance level, which is the price point where selling pressure tends to increase. Specifically, PEPE retested this level after a notable rally that began in the latter half of 2024 but fell below the 78.6% retracement level, indicating ongoing bearish sentiment.

As it stands, the failure to maintain the price above the February lows suggests that sellers still have a strong grip on the market. This trend is not unique to PEPE; many tokens, especially within the memecoin sector, are grappling with similar bearish pressures.

Potential Downward Trend for PEPE

Given the current conditions, there is a possibility that PEPE might drop to its lows from August 2024, or even lower. For traders and investors, this situation is concerning. The recent price action shows that anytime there is a slight attempt at a recovery, sellers quickly push the price down again.

A key indicator for traders is the On-Balance Volume (OBV), which has remained relatively flat since late December. This low trading volume suggests that there is limited activity in the market, which could further worsen the bearish trend. Comparing this with earlier stages, such as from May to August 2024, the current OBV is not showing the same level of declines, hinting at a potential lack of selling momentum. Nevertheless, the overall outlook remains bleak for bulls—those bullish on PEPE.

Signs of Weakness in Momentum

While there are signs that might suggest a turnaround—such as a hidden bullish divergence in the Relative Strength Index (RSI)—these indicators are often weak, especially in a declining market. The RSI, which measures the speed and change of price movements, has mostly remained below the neutral mark of 50 throughout 2025, supporting the narrative of ongoing bearish market conditions.

Over the past few days, while some traders may have hoped for a bounce back, the reality is that immediate recoveries are unlikely. Even when the price tried to climb back up over the weekend, it hasn’t led to any significant long-term changes.

Analyzing Price Levels and Resistance

Looking at the 4-hour chart, there were attempts to form a trend, but PEPE’s price has continued to fall towards lower levels. The price’s recent bounce that tested the $0.00009 resistance failed, leading to a new lower low that reinforces the downward trajectory.

This lack of price strength indicates that bears are still clearly in control. The mid-range price level, which coincides with the low set on February 3rd, acts as another barrier to any potential bullish efforts. Below this, the $0.0000585 level is identified as the next support point.

Consolidation and Market Behavior

A noteworthy observation is that there are currently no significant liquidation levels below the existing market price. This suggests that the price may oscillate around $0.00007 for a while before showing any new directional movement. Key price zones, like the $0.00009 region, continue to be areas of interest as they attract significant market activity in the short term.

Investors should be cautious as a substantial bounce of about 30% does not appear likely at this juncture. However, the $0.000073 zone reinforces itself as a potential selling opportunity whenever it is retested.

Final Thoughts

While it’s evident that Pepe (PEPE) is facing a tough market environment, the intricate dynamics at play reveal a picture that is ever-changing. The challenges posed by sellers, combined with the current market conditions, could lead to further price drops or prolonged consolidation. It’s crucial for potential investors and traders to remain aware and prepared for possible market movements in the near future.

Disclaimer: The information provided here is based purely on observations and analyses. It is not intended as financial, trading, or investment advice.