PEPE Consolidates Near Key Fibonacci Level Amid Whale Selling and Mixed Technical Outlook

• Pepe (PEPE) has dropped 64% year-over-year and is currently consolidating near the 0.382 Fibonacci retracement level following a Wave 5 peak, signaling potential for a technical rebound.
• Whale selling has intensified, with a $3.8 million dump triggering a 700% volume spike on Bybit amid broader crypto selloff according to analysis.
• On-chain data shows whales actively selling into strength, creating downward pressure typical of memecoins.

Key resistance for PEPE remains at $0.0000090–$0.0000100 descending channel, which is critical for confirming a bullish breakout and invalidating the current downtrend as technical analysis indicates. A sustained move above this resistance level would target the next Fibonacci extension, signaling a potential reversal. However, the token is still in a bearish momentum structure, with lower highs and lower lows since May 2025, and has yet to show signs of accumulation.

Technical indicators like RSI and Bollinger Bands show mixed signals, with RSI at 37.86 in neutral territory and daily gains of 3.08%. The short-term target is consolidation around current levels, with the medium-term forecast projecting $0.0000070–$0.0000072. A bullish breakout would require a move above the upper Bollinger Band resistance, while the lower Bollinger Band acts as a critical support level.

PEPE is currently consolidating around $0.00000376, with analyst 𝐋𝐨𝐧𝐠𝐓𝐞𝐫𝐦® noting that a breakout above the long-term descending trendline could confirm a bullish reversal. However, a bearish case centers on the token's position near lower Bollinger Band support and the risk of a broader crypto market crash.

In Q4 2025, a $5.2 million inflow into PEPE boosted liquidity by $253 million on Gate.io, but analysts caution about the high-risk speculation. Price projections for 2026 range from $0.0000057 to $0.0000146, with a potential market cap of $69 billion.

While conservative forecasts from platforms like Kraken suggest PEPE could remain in the $0.0000040–$0.0000042 range in 2026, bullish forecasts from analysts suggest a climb to $0.000006. The token remains speculative and driven by social media trends and whale behavior, unlike utility-driven projects. This volatility highlights the need for a cautious approach as PEPE faces tug-of-war dynamics between technical rebound potential and macro risks.