- PEPE is testing a critical resistance range amid declining volume and price pullback
- MACD shows bullish crossover, but RSI nears overbought, signaling mixed momentum
- Failure to hold $0.00001200 may push PEPE down to $0.00001043 support level
Pepe (PEPE), the popular meme coin, is once again under the spotlight as it tests a critical resistance range between $0.00001250 and $0.00001300. This level has served as a battleground for bulls and bears alike, shaping the short-term price direction. At the current price of $0.00001239, PEPE is teetering at a tipping point.
With a daily drop of 8.33% and a 24-hour volume decline of over 35%, the token’s momentum is cooling off after its recent surge. Despite this, analysts, including Satori_BTC, believe a rebound is still possible if current levels hold.
Strong Resistance Revisited: Will Bulls Prevail?
According to Satori_BTC, PEPE is re-challenging the resistance range that previously rejected upward momentum. Now, however, there’s a subtle shift in sentiment. Trading volume surged notably during the last breakout attempt, suggesting that buyers are regrouping. This spike in activity signals enthusiasm, possibly tied to recent political changes that some traders view as a catalyst.
If this zone holds and bulls manage to maintain support, PEPE could rally towards $0.00001700. That move would represent a 30% increase from current levels. However, if the token fails to defend the $0.00001200 support, the next logical fallback point sits at $0.00001043. This lower support could act as a magnet for sell-offs, particularly if bearish volume picks up.
Momentum and Indicators Suggest Mixed Signals
The broader technical setup paints a mixed picture. On the one-day chart, PEPE displays both volatility and resilience. After a long period of sideways consolidation, the token broke out in mid-2023 and peaked in early 2024. While a subsequent correction followed, recent signs point to an early-stage recovery.
PEPE/USD daily price chart, Source: TradingView
The MACD indicator leans bullish. The MACD line currently sits above the signal line, and the positive histogram supports building momentum.
Meanwhile, the RSI reading at 63.50 signals growing strength but also warns of nearing overbought territory. Historically, RSI levels above 68 have triggered short-term corrections, so traders are watching closely.
Key Levels to Watch Moving Forward
In terms of technical structure, support remains firm at $0.00000100, a psychological benchmark that coincides with recent consolidation. A deeper support at $0.00000050 offers a strong safety net, having been tested multiple times in the past.
On the upside, immediate resistance stands at $0.00000150. Should bulls clear this hurdle, the next ceilings at $0.00000200 and $0.00000250 could come into play. These levels represent previous highs and are likely to draw significant attention from both retail and institutional traders.
