- PEPE is currently testing critical support at $0.00000420, a key level for buyers.
- A breakout above the trendline could push PEPE toward resistance at $0.00000535–$0.00000580.
- A dip into support followed by a breakout attempt is another potential scenario.
PEPE is currently testing key support at $0.00000420, with the price remaining within a descending trendline. Analyst Pepe Whale suggests that a breakout above the trendline could push PEPE to resistance levels between $0.00000535 and $0.00000580, while a dip into support may precede another breakout attempt.
PEPE Price Tests Crucial Support as Trendline Holds Firm
PEPE is currently trading at $0.00000434, according to analyst Pepe Whale. As of February 19, 2026, PEPE’s price action remains constrained within a descending trendline. Despite prior expectations of a breakout, the memecoin is still moving within the trendline and has not yet shown signs of a decisive breakout.
The price is sitting above the important support level at $0.00000420. This support zone is seen as crucial for buyers, as the price must remain above this level to avoid further downside. A drop below this key support could signal further losses for PEPE.
Potential Scenarios for PEPE Price Movement
The current chart pattern reveals two possible scenarios for PEPE’s next move. First, a breakout above the descending trendline could push the price toward the major resistance zone, which lies between $0.00000535 and $0.00000580. This breakout would confirm a bullish move for the memecoin and open up further upside potential.
Alternatively, PEPE could experience one final dip into the support zone before attempting another breakout. If the support at $0.00000420 holds, buyers may rally to push the price higher.
The arrows on the chart from Pepe Whale reflect this compression within the wedge, where the next significant move will depend on how PEPE reacts at both the trendline and the support zone.
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.
