Key Takeaways
- PEPE has pulled back to $0.0000045 amid declining demand for the memecoin.
- Momentum remains bullish on the PEPE 4-hour chart, suggesting consolidation.
- On the daily chart, PEPE remains constrained under a broader descending structure.
Frog-themed memecoin PEPE has cooled slightly after its recent surge. At the time of writing, the token has pulled back to around $0.0000045 as traders lock in profits following a sharp breakout rally.
Over the past 24 hours, PEPE’s price has dropped 5%, while trading volume declined by 4%.
The retracement comes at a critical time, as the first few days of the year showed that PEPE’s price could hit $0.000010 again.
But considering what has happened lately, this might become challenging.
PEPE Maintains Key Support
What began as a trend reversal has evolved into a sustained upward move for PEPE’s price.
On the 4-hour chart, the Moving Average Convergence Divergence (MACD) signals a clear momentum shift, positioning the memecoin on the bullish side.
Indicators support this view, as the 12-day EMA (blue) remains above the 26-day EMA (orange). This bullish setup suggests the continuation structure remains intact despite the recent cooldown.
The Money Flow Index (MFI) stands at 72.95, indicating strong capital inflows and heightened buying pressure.
While this level approaches overbought territory, it confirms that demand remains dominant.
Sustained readings above 60 generally align with active accumulation phases. This suggests the pullback toward $0.0000045 may be a consolidation period.
Price action reinforces this perspective. PEPE’s price recently climbed toward the $0.0000050 resistance zone before facing rejection, a level that has historically acted as a supply barrier.
The current retracement appears controlled, with candles stabilizing above mid-range support. This pattern typically reflects profit-taking rather than distribution.
To maintain the bullish outlook, PEPE’s price must hold above the $0.0000040 demand region.
Stability in this zone would preserve the sequence of higher lows that defines the current recovery trend.
A breakout above $0.0000050 could ignite bullish momentum, opening the path first toward $0.0000065 and then the psychological $0.000010 level if volume continues to expand alongside PEPE’s price.
PEPE Price Forecast: Consolidation, Then Breakout
A closer look at PEPE shows the memecoin recently broke out of a falling wedge pattern.
Furthermore, PEPE’s price has been forming a descending channel, with lower highs and lower lows, since the rejection near the 0.786 Fibonacci level at 0.00001228.
The most recent move pushed PEPE’s price up roughly 94% from the local bottom.
However, that rally stalled below the 0.382 Fibonacci level near $0.0000076 and failed to reclaim the 0.236 level around $0.0000057.
After that rejection, the price rotated back down toward the channel lows, indicating that sellers remain active at key retracement levels.
In addition, the Chaikin Money Flow (CMF) is slightly negative, suggesting buying volume is not strong enough to confirm accumulation.
Meanwhile, the Relative Strength Index (RSI) has bounced back above 50 on the shorter swing.
For a notable change, PEPE would need to break out of the descending channel, reclaim $0.00000586, and hold above $ 0.00000756.
However, if the memecoin falls below $0.0000031, it would likely trigger another leg lower.
In the scenario, the token could slide to a new yearly low.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
