Saad Ullah
The popular meme coin PEPE is finding itself at a crossroads as it battles to maintain crucial support levels. With the cryptocurrency market showing mixed signals, PEPE's price action has caught the attention of traders who are now questioning whether the current bearish momentum will continue or if we might see a potential reversal in the coming days.
PEPE Price Faces Downward Pressure
PEPE (PEPE/USDT) is currently trading at $0.00001042, down 0.19% in the last 24 hours. The chart clearly shows that the meme coin is stuck in a downward spiral, consistently making lower highs and testing support levels that traders are watching closely.
What's got everyone talking is the critical $0.00001000 support level. According to recent discussions on X (formerly Twitter), this psychological barrier could make or break PEPE's short-term outlook. If this support gives way, we could see panic selling kick in, pushing the price even lower.
Key Resistance Levels: $0.00001300–$0.00001500 Range
Even though PEPE is hanging just above support, the road ahead looks tough. The chart reveals strong resistance between $0.00001300 and $0.00001500, with that upper level acting like a brick wall for any potential recovery attempts.
Right now, momentum indicators aren't showing much hope for the bulls. Buying activity remains pretty weak, so traders would be smart to stay cautious unless PEPE can somehow break through those resistance zones and prove it's got some fight left in it.
Saad Ullah
