Pepe Price Nears Make-or-Break Support Level as Bears Gain Short-Term Control

Memecoin traders are sweating as PEPE teeters above a critical price floor—will the frog leap or get squashed?

Support at a tipping point

The token's chart is printing lower highs like a broken printer, with liquidity pools eyeing that key historical level. Another 15% drop would trigger stop-loss carnage not seen since last quarter's leverage massacre.

Whales vs. retail standoff

On-chain data shows accumulation addresses loading up while spot traders flee—classic 'smart money vs. dumb money' divergence. Meanwhile, futures open interest remains stubbornly high, setting the stage for a violent move.

As always in crypto, the 'critical support' could either be a springboard or a trapdoor. And if you believe the 'this time it's different' crowd, we've got a bridge in Brooklyn to sell you.

Key technical points

• Value Area High Rejection: Price failed to break through resistance after a volume-backed rally.
• Dynamic Support Test Ahead: The trendline aligns with the 0.618 Fibonacci retracement.
• Point of Control Lost: Price has accepted below the POC, signaling a deeper correction may be underway.

Following a strong rally from dynamic support, Pepe ran into resistance at the value area high and was rejected. This zone had marked a clear cap on recent upside attempts, and price has since drifted lower. The rejection came despite a volume-backed move upward, suggesting that sellers are still defending this level.

Price is now trading below the point of control, indicating acceptance in lower value territory. Historically, this has often led to further downside until a strong support level is reclaimed. The next major level to watch is the dynamic support trendline, which intersects with the 0.618 Fibonacci level drawn from the recent swing high to swing low. This zone also overlaps with a previously respected bullish order block.

If bulls step in again at this level, it WOULD mark another higher low in the broader structure. This would preserve the overall bullish bias and set up a potential move back toward the value area high. However, a breakdown below dynamic support could shift the market structure and expose PEPE to deeper losses toward the value area low.

What to expect in the coming price action

Price is likely to revisit dynamic support soon. If it holds, another rally toward recent highs is possible. If it breaks, expect a drop into lower value territory. Volume will confirm direction.