Saad Ullah
PEPE has caught traders' attention with a solid 17% bounce from $0.00000900 to $0.00001010. But here's the thing – the memecoin is still stuck in bear territory, and there's a major roadblock ahead at $0.00001250.
PEPE Price Finds Support, But It's Complicated
After hitting that disappointing high at $0.00001470, PEPE went into full retreat mode. The selloff was pretty brutal, with lower highs piling up week after week. But recently, something interesting happened near the $0.00000900 level – buyers finally showed up.
According to recent social media chatter, PEPE bounced hard from this demand zone, climbing 17.19% in what looked like a proper recovery move. Right now, the token is hanging around $0.00001051, trying to find its footing after the quick surge.
Here's where things get tricky. That 17% bounce looks nice on paper, but PEPE is still trading below the key resistance at $0.00001250. This level has been giving bulls headaches for a while now, and breaking through it won't be easy.
Market watchers are saying the same thing – if PEPE can't punch through and actually hold above $0.00001250, this bounce might just be another head-fake before the next leg down. Without that breakout, we could easily see another trip back to the $0.00000900 support zone.
What's Next for PEPE Price?
The technical picture is pretty straightforward here. Bulls need to step up big time and not just touch $0.00001250, but actually break it and hold above it. That would signal the bears might finally be losing their grip.
But if this resistance holds firm? Well, PEPE holders might want to brace themselves for another test of those lows around $0.00000900. The memecoin market can be unforgiving, and false breakouts are more common than anyone likes to admit.
Saad Ullah
