PEPE Battles Bearish Momentum but Long-Term Charts Signal Possible Breakout

PEPE has faced a turbulent week in the markets, slipping into bearish territory after a brief attempt to push higher. The meme coin, which has been among the most volatile performers in 2025, is now testing critical levels that could determine whether the next move is a deeper correction or the start of another breakout phase.

Price Action Turns Negative

At the beginning of the week, PEPE opened near $0.00001081 and quickly climbed toward $0.0000115. However, the rally proved short-lived, with prices reversing and trending downward over the following days.

As of publication, the token trades at $0.000009705, reflecting a 0.44% decline in the past 24 hours. Its market capitalization currently stands at $4.088 billion, placing it among the top meme coins by valuation.

Bullish Setup Suggests Room for Growth

Despite the recent decline, analysts remain optimistic about PEPE’s long-term trajectory. According to chart insights from Bitcoinsensus, the weekly structure reveals a broadening wedge pattern that could set the stage for another significant upward move. The last major wave in this structure delivered gains of more than 1,100%.

If the pattern repeats, PEPE could see a surge of around 1,200%, targeting the so-called “Cycle Highs Zone” near $0.000099. Such a move would represent a major breakout and align with cyclical trends that have historically driven sharp rallies in meme assets.

Daily Indicators Highlight Caution

Short-term signals paint a more cautious picture. PEPE is testing its immediate support zone between $0.00000934 and $0.00000930, which has held as the intraday low. On the upside, resistance stands near $0.00001041–$0.00001047, a level that previously acted as support before breaking down.

Technical indicators lean bearish at the moment. The Relative Strength Index (RSI) sits at 40.31, suggesting building downward pressure but not yet entering oversold territory.

Meanwhile, the Moving Average Convergence Divergence (MACD) has turned negative, with the blue line crossing below the signal line and red histogram bars extending — a classic bearish crossover.

What Comes Next for PEPE?

For now, market momentum appears to favor sellers, but oversold conditions could later trigger a short-term relief rally. If PEPE manages to reclaim resistance near $0.00001041, traders could see a bounce toward higher levels. On the other hand, a decisive break below the $0.00000930 support may accelerate the decline and test lower ranges.

While short-term caution dominates, the larger wedge formation remains a bullish wildcard. If historical patterns repeat, PEPE may still be preparing for another explosive move, one that could push the meme coin closer to the highly anticipated $0.000099 zone.