PEPE Faces Bearish Pressure as Key Support Level Hangs in the Balance
Pepe Coin (PEPE) is currently grappling with significant bearish momentum, trading at $0.0000101 with a 2.8% decline over the past 24 hours and a staggering 25% drop monthly. The memecoin is teetering just above the critical $0.00001000 support level, and a breach could trigger further losses, potentially pushing the price down to $0.00000900. Technical indicators are painting a grim picture, with moving averages signaling a sell and the Relative Strength Index (RSI) at 38 indicating weak momentum without reaching oversold conditions. The Moving Average Convergence Divergence (MACD) and other momentum indicators further reinforce the bearish outlook, suggesting that PEPE's path to the coveted $1 target remains highly unlikely in the NEAR term. As of June 21, 2025, investors are advised to tread carefully, as the current market dynamics do not favor a bullish reversal for PEPE.
PEPE Price Struggles Amid Bearish Trends, $1 Target Unlikely
Pepe Coin (PEPE) continues its downward trajectory, trading at $0.0000101 with a 2.8% drop in the last 24 hours and a 25% monthly decline. The memecoin hovers precariously above the $0.00001000 support level—a breach could accelerate losses toward $0.00000900.
Technical indicators reinforce the bearish outlook. Moving averages signal sell, while the RSI at 38 reflects weak momentum without oversold conditions. MACD and momentum metrics echo persistent selling pressure. Despite fleeting signs of a bounce, the chart remains dominated by red candles and thin buying volume.
Analyst Lev Arden spots a potential cup-and-handle pattern on weekly charts, suggesting a breakout above $0.000014 could propel Pepe to $0.0000227. A $74M surge in open interest hints at trader positioning for volatility. Yet with 420 trillion tokens circulating, PEPE's path to $1—or even $0.01—appears mathematically implausible.
Pepe Coin Shows Signs of Potential Rebound Amid Market Slump
Pepe Coin has plummeted to $0.00001042, marking a 36% decline from its May peak and a 60% drop from its all-time high. The downturn has erased approximately $5.7 billion in market value. Yet, technical indicators and on-chain data suggest a possible recovery.
A bullish double-bottom pattern has formed near $0.0000057, often a precursor to breakout rallies. The current pullback is testing the neckline at $0.00000925, resembling a classic 'break-and-retest' structure. A flag formation on the daily chart hints at a potential 116% surge to $0.00002250 if the pattern holds. Failure to maintain support at $0.00000925 could see prices retreat to $0.00000574.
Whales have accumulated nearly 400 billion PEPE tokens over the past month, while exchange balances have decreased by 2.1%, signaling long-term confidence. Futures market activity also reflects renewed investor interest.
PEPE Price at Critical Juncture as Technicals Signal Diverging Paths
PEPE, the volatile memecoin, faces a decisive moment after retreating from its 2024 peak of $0.000028 to current levels near $0.00001. Technical indicators paint a conflicted picture: while RSI shows bullish divergence, MACD maintains bearish signals and Ichimoku cloud conversion lines trend downward.
The token struggles below a stubborn $0.000012 resistance zone, where repeated rally attempts have met selling pressure. Yet the formation of a falling wedge pattern—typically bullish—suggests potential upside if $0.000011 is decisively breached. Whale movements and profit-taking continue to weigh on momentum.
Market participants watch the wedge's apex, where a breakout could propel PEPE toward the $0.0000135-$0.000014 liquidity zone. The memecoin's fate hangs between pattern recognition and weakening momentum indicators—a tension characteristic of speculative assets during market inflection points.
