- PEPE holds above key support despite a sharp drop, suggesting downside is limited.
- Consolidation and MACD crossover hint at a possible breakout if volume increases.
- Forecasts show a wide range, with targets from $0.00000903 to $0.00002236 in June.
Pepe (PEPE) coin, one of the most closely watched meme tokens, is at a critical juncture as it enters June 2025. After a notable downtrend, PEPE is showing signs of possible recovery despite the recent selling pressure. Traders are eyeing a potential breakout as consolidation tightens and volume remains strong.
While the token has experienced significant declines over the past week, technical patterns suggest a sharp move may be approaching. With mixed indicators and key support levels holding firm, June could be a decisive month for the meme-driven asset.
Recent Decline Signals Short-Term Bearish Sentiment
PEPE’s price has dropped sharply, falling by over 11% in the past 24 hours. As of now, it trades at $0.00001125, down nearly 18% over the past week. This decline triggered multiple liquidations, especially in the $0.0000125 to $0.0000115 range. These levels now serve as strong resistance zones.
Moreover, the Binance liquidation heatmap reveals dense high-leverage liquidations above the current price. This suggests traders with long positions were wiped out, increasing downward pressure.
However, the price has since stabilized just above the $0.0000110 support zone. This level is acting as a floor, preventing further sharp drops for now.
Technical Structure Shows Potential for Bullish Breakout
Despite recent bearish trends, the ascending trendline still remains intact. This indicates that broader bullish momentum could still be building. The current chart structure, along with tightening consolidation, suggests a breakout may be imminent if supported by an increase in volume.
The MACD currently shows a slight bullish crossover, with the MACD line above the signal line. Although momentum is fading slightly, it remains in positive territory.
The RSI sits around 43, which is neither oversold nor overbought. This gives the token room to move either way, depending on volume and sentiment shifts.
Price Outlook for June 2025
According to Coincodex an analyst analysis, forecasts for June show a possible dip toward $0.000009037, marking a potential 26.92% decline from current levels. However, bullish projections suggest a rebound could push PEPE back to around $0.00001136. If the breakout materializes, price targets of $0.00001810, $0.00002018, and $0.00002236 come into play.
