PEPE Price Drops 20% Amid Bearish Patterns, 65% Surge Possible

Pepe (PEPE) is currently forming a symmetrical triangle pattern, which is indicative of an accumulation phase. This pattern suggests that the price of PEPE could surge by 65% to reach a target level of $0.00001144. However, before this upward momentum can occur, the price needs to drop to the support level of $0.00000681.

The short-term market trend for PEPE appears negative based on the assessments of both Bollinger Bands and Chaikin Money Flow (CMF). Prices that reach the middle range of Bollinger Bands usually cause resistance, which may force prices to drop. The CMF shows a distribution phase by recording 0.4, which suggests the market operates in a positive domain while under limited downward pressure. The PEPE analysis suggests a negative short-term market trend based on Bollinger Bands and Chaikin Money Flow (CMF).

The PEPE price declined due to $2.78 million worth of PEPE trades on the spot market by traders. The market selling matches expectations for the price to approach the support level, so the price could start rebounding from this position. The purposeful buying accumulation since the key support level test suggests PEPE today could experience an important upward price action.

PEPE today on the Binance chart, 5-minute intervals demonstrate bearish patterns because lower price highs and repeated market resistance near 0.00000620 maintain control. The market price cut through a vital horizontal support area, which confirmed bearish trends according to the green zone. The price declined severely after breaking through support levels and entered an RSI oversold region when its values fell below 30. Traders should be cautious about short-term bargains since this data displays powerful selling activity. After a short-lived rally, the price could not stay above the former support, which transformed into new resistance. Market indecision, together with weakness, causes the failure to reclaim this price zone.

The combination of technical indicators enhances understanding of market movements based on price activity. Two distinct oversold indicators on the RSI occurred right before the price generated brief upward movements. The MACD indicator generated a bull signal through its golden cross pattern when the MACD line surpassed the signal line during the recovery phase. This usually indicates bullish momentum.

The strength behind the price rally faded instantly, which produced a second MACD death cross to strengthen bearish market dominance. The asset continues to display vulnerability because purchase momentum has not stayed strong since the golden cross, and the resistance barrier cannot be cleared. Bulls require significant volume to breach the 0.00000620 zone before PEPE will move away from its present sideways pattern or potential support retests.

PEPE’s price maintains a consolidation phase as it forms a symmetrical triangle, which implies an upcoming breakout possibility. The PEPE analysis indicates a potential rebound from the support level, with purposeful buying accumulation. A price rise of 65% could happen when strong volume pushes through $0.00000620 resistance despite current bearish patterns shown by Bollinger Bands and CMF. The recent heavy selling pressure has caused the price to fall, but RSI alongside MACD indicate that weak bullish attempts are happening, but they face rapid runoff. PEPE needs to respect the $0.00000681 support level before making a successful move to $0.00001144. During this period, the digital asset risks both market consolidation and additional price decrease.