PEPE is approaching a critical moment as it tests the lower boundary of a descending triangle pattern on the daily chart. According to the crypto analyst Jonathan Carter, this structure reflects increasing selling pressure, yet strong support remains intact.
Notably, rising volume suggests possible accumulation, with larger market participants stepping in, indicating growing interest and potential positioning ahead of a significant move.
If PEPE manages to hold this support level, a rebound could spark bullish momentum toward key targets at $0.00000360, $0.00000415, $0.00000510, and $0.00000570.
Such a move would confirm renewed strength and attract further buying. However, failure to maintain support could lead to downside pressure, making this zone a decisive point for traders watching the next direction.
Also Read: PEPE Climbs Toward $0.0000040 as Rising Volume Fuels New Buying Pressure
According to TradingView, PEPE’s current price is at $0.000003409, stuck in the heavyweight wall of resistance formed by the long-term exponential moving averages.
The 200 EMA is the main resistance level, preventing the token from making a clean break into the higher liquidity zone. Moreover, the Bollinger Bands are tightening, which means suppressed volatility and hints at a huge move in the coming days.
Source: TradingView
The indicators suggest a steady position as the asset continues to gain momentum within a tight range. The relative strength index is currently at a middle position, implying a balance in supply and demand after the recent volatile movements.
Provided that the asset continues to hold above support, a strong move upwards could target the $0.00000380 level, ending the horizontal move within the accumulation phase.
Currently, the RSI is around 58.86, which is a neutral reading with a dash of bullish breath. As long as the RSI is below the 70 overbought line, there is room for prices to move up a little more.
Recently, the RSI has been moving past its yellow moving average line as a sign of increasing buying power as the asset tries to come out of consolidation.
Source: TradingView
A new bullish crossover is visible on the MACD, where the blue MACD line crosses above the orange signal line. At the same time, the histogram turns green to indicate increasing positive momentum on the 4-hourly chart.
Although the bars are small in size, the rising pattern indicates that bearish pressure is easing and may lead to a reversal in the short term.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Pepe Coin Faces Key Resistance After Price Drops Below $0.003877
