- PEPE coils below $0.0085 resistance with rising support, setting up for a breakout or fresh rejection.
- Price remains trapped under a tightening triangle, with bulls defending $0.0070 and sellers rejecting upside momentum.
- A double bottom and rising lows challenge the downtrend, pushing for a breakout toward $0.000011693 resistance.
PEPE continues to trade under heavy downtrend pressure as the price consolidates beneath a well-defined resistance. Market participants are now focusing on whether the asset can reclaim the $0.0085 level or face another rejection.
Technical Rejection Zone Remains in Control
The latest price behavior reflects a tightening structure marked by consistently lower highs and reactive higher lows. This creates a converging triangle pattern, hinting at a breakout or breakdown scenario. Resistance pressure continues to limit upward movement while buyers defend the lower boundary.
Market analyst Koroush AK provided a detailed technical analysis of the 1000PEPE/USDT chart on Binance. He reported that PEPE entered a consolidation phase following a January decline, with sellers repeatedly rejecting prices near $0.0085119. This level, tested twice, capped bullish attempts and reinforced a visible supply zone between $0.0085 and $0.0100.
Source: Karoush AK
In response, buyers have defended higher lows since March, forming an ascending trendline beneath resistance. This setup outlines a rising triangle pattern, with price now pressing into the ceiling of this compression. Koroush confirmed active buyer interest below $0.0070, while sellers maintain control of overhead.
Reviewing this setup, he finds the structure coiling tightly inside a decision zone. A break above $0.0085 could initiate a rally toward $0.0131, while a failure of trendline support opens the door to $0.0060. Without volume data, the chart leans entirely on structural cues. Until either direction confirms, $0.0085 remains the pivot level that controls short-term trend bias.
Alternative Perspective: Bullish Pattern Gains Traction
Solberg Invest offered a separate evaluation, pointing to a double bottom pattern forming on the daily timeframe. The structure began emerging after multiple bounces from the $0.00000600–$0.00000630 support zone. A clear sequence of higher lows now challenges the long-standing downtrend.
Source: Solberg Invest
Studying this formation, he notes that PEPE trades near a descending red trendline drawn from December highs. He mapped a probable breakout path involving consolidation, retest, and continuation toward $0.000011693. His timespan includes yellow arrows that project this movement.
Evaluating this behavior, he adds that holding above $0.00000700 could increase the probability of a bullish extension. The structure remains in development but reflects growing momentum toward recovery.
