Usman Salis
⬤ PEPE caught traders' attention with a strong bounce from a well-defined demand area on the daily chart. After weeks of declining prices, the token posted an impressive recovery at the start of 2026, showing renewed buying interest at lower levels.
⬤ The token bounced decisively from the $0.0000040–$0.0000050 demand zone with strong volume, signaling active speculation below the surface. Price rallied toward $0.0000065 from this accumulation support area, accompanied by one of the largest volume spikes seen in recent months.
⬤ The broader chart shows a sustained downtrend through the second half of the year with lower highs and repeated distribution phases. While the recent bounce doesn't break this larger pattern, it confirms buyers are still responsive at key support levels. Price has stalled below a mid-range level as the market reassesses direction after the initial surge.
⬤ This move matters for overall crypto market sentiment, as meme coins like PEPE often signal speculative risk appetite. The strong demand zone reaction suggests capital is still flowing into high-volatility assets even after extended declines. However, continued overhead resistance shows the delicate balance between recovery attempts and trend pressure, keeping near-term direction sensitive to volume and sentiment shifts.
Usman Salis
