- PEPE rises 1.5% while trading below a descending trendline on Binance’s 2-hour chart.
- Bearish order block at 0.0044000 continues to act as resistance.
- Demand zone at 0.0041000 may offer support if current levels break down.
PEPE is showing signs of short-term strength, gaining 1.5% in the past 24 hours. Despite some intraday volatility, key resistance and support levels are emerging. However, overall market structure remains weak, and PEPE continues to trade below a descending trendline.
PEPE Price Holds Support Amid Bearish Market Structure
PEPE recorded a 1.5% price increase over the past 24 hours, now trading at $0.054213. The asset has shown intraday volatility, with short-term price action bouncing off support near $0.0415. Resistance remains near $0.0435, which has capped upward moves in the past.
Volume on major exchanges like Binance is rising, signaling renewed interest. This growing activity may support price stability if buyers continue entering the market. Still, PEPE remains under a descending trendline on the 2-hour chart, suggesting ongoing bearish pressure.
Technical Zones Show Key Resistance and Support Areas
A bearish order block around the 0.0044000 level remains unbroken. This zone has acted as resistance multiple times. As long as the price stays below this zone, downside risks remain.
Above the current level, a Fair Value Gap in the 4-hour timeframe is yet to be mitigated, which could attract price action if momentum shifts.
Support remains around the 0.0041000 area, where a demand zone has provided stability before. This level could help limit losses if sellers increase pressure. However, if the price breaks below this zone, lower levels may be tested.
What Could Drive PEPE’s Price Next?
PEPE’s future in 2025 may depend on two major factors. The first is overall sentiment in the memecoin market. These tokens often react quickly to speculative moves. If confidence in high-risk assets rises, PEPE may benefit from inflows.
The second factor is the broader crypto market, especially Bitcoin and Ethereum. In previous cycles, PEPE and similar assets gained when BTC and ETH entered strong uptrends. If leading cryptocurrencies rally again, it may spark demand for lower-cap coins.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
