PEPE price fluctuated a lot throughout the previous day. The coin experienced an early dip after opening close to $0.00009303. Later on, it bounced back and stabilized as the trading session came to a close. Despite a 30% decline in 24-hour trading volume, PEPE is trading at $0.00009363, representing a 0.60% daily increase. This suggests that price resilience has emerged in spite of a drop in trading activity, with new buying pressure maintaining PEPE’s value steady.
PEPE price movement: Monthly decline and market sentiment
Over the past month, PEPE has experienced a notable downtrend. It began the period trading near $0.00001646 but steadily declined, closing the 30-day span at $0.00009346. This represents a substantial 41% decrease, underscoring sustained selling pressure. The broader meme coin sector has also faced corrections, mirroring PEPE’s sharp downturn.
PEPE has struggled to regain momentum since reaching an all-time high of $0.000028 on December 9, 2024. Even though recent price consolidation suggests that the market may be stabilizing, the volume fall further indicates that investor interest has decreased during this time.
Technical outlook highlights PEPE breakout and next target
According to CryptoELITES, PEPE is trading within an ascending channel, finding support at the 0.786 Fibonacci retracement level near $0.000083. This technical level suggests that a trend reversal could occur if buyers maintain pressure.
The reality that the top 10 wallets own 37% of Pepe’s supply, with one holding 13%, further indicates that centralization persists. Analysts are still positive, highlighting Pepe’s solid record and a market that is still waiting for peak optimism. Pepe is anticipated to recover $0.00002 by the end of this quarter, and it may soon surpass its all-time high of $0.000028.
PEPE has shown modest gains of 0.43%. Bollinger Bands indicate price consolidation, with immediate support and resistance levels at $0.00000913 and $0.00000954, respectively.
If PEPE breaks through the barrier, its next targets might be $0.00000980, $0.00001000, and $0.00001080. The price may continue to increase with good momentum, but if it is unable to hold onto the support zones mentioned above, it may continue to decline. Investors should keep an eye out for signs of increasing market mood, such as volume surges and MACD crossings.
