- PEPE fell 7.4% in 24hrs, at $0.05628 and probing the support at $0.056277.
- In the tight day range, upside moves continue to be limited by resistance at $0.0568.
- A long term bull flag structure is mentioned by analyst commentary and does not change the current price limits.
In the past 24 hours, PEPE fell, and it is indicative of fresh selling interest by the company, following a recent period of consolidation. The token last traded at a price of $0.05628 which is a fall of 7.4 per cent every day. This action put price squarely on the support level of price at 0.056277, which is a slim difference between retaining and additional downside exposure. BitcoinPEPE was at 0.0106979 BTC, which decreased by 5.7 percent and the ETH pair decreased by 4.1 percent to 0.082020 ETH. All these actions put together a risk-cutting session.
Support at $0.056277 holds as resistance caps near-term movement
Notably, PEPE’s current structure centers on a tightly defined trading range. Price action remained constrained between $0.056277 support and $0.0568 resistance, creating a narrow corridor for short-term activity. However, sellers continued to defend the upper boundary, preventing any sustained move higher. As a result, price compressed near support while volatility remained elevated. This structure placed immediate attention on whether buyers could stabilize price above current levels or remain pressured within the range.
Analyst commentary highlights longer-term chart context
However, broader discussion around PEPE extended beyond short-term movements. According to analyst PepeCZBinance, the chart structure resembles a bull flag formation when viewed over a longer timeframe. The analyst referenced a 12-month horizon, comparing the setup to historical meme-token price behavior observed in earlier market cycles. Specifically, commentary noted the possibility of PEPE revisiting price zones defined by four zeros and an eight, based on historical pattern comparisons.
Importantly, this view remained contextual rather than directional, while current pricing stayed anchored near immediate support and resistance levels. As such, near-term price behavior continued to reflect present market conditions rather than longer-term projections. PEPE trades near critical $0.056277 support after a 7.4% drop, confined within a narrow $0.056277–$0.0568 range. Short-term direction depends on buyer defense amid elevated selling pressure.
