Pepe price breaks triangle support as sellers test $0.0000106 demand zone
Pepe breaks support trendline as price tests $0.00001060 demand zone following triangle breakdown
Pepe (PEPE) is trading near $0.00000107 after breaching key technical support zones, signaling a shift toward deeper bearish momentum. The memecoin has declined nearly 8% this week, with the failure to hold above the $0.00001150–$0.00001200 region confirming a downside breakdown from a symmetrical triangle structure on the daily chart.
Key highlights
- Pepe trades near $0.00000107 after breaking triangle support with nearly 8% weekly loss
- MACD and RSI reflect fading downside pressure but recovery attempts remain capped below $0.00001200
- Key support lies at $0.00001060; breach could open door for further losses toward $0.00000900
On the weekly chart, Pepe remains below the 0.382 Fibonacci retracement level at $0.00001448 and is now stabilizing just above the 0.236 Fib zone near $0.00001065. The breakdown below the triangle structure and failure to reclaim $0.00001200 has tilted momentum in favor of sellers.
PEPE price dynamics (Source: TradingView)
The $0.00001060–$0.00001080 area, which previously acted as a demand shelf in late April, is now under pressure. A sustained loss of this level would expose $0.00000900, which marked a significant support zone in the earlier quarter.
Momentum signals show mixed readings
On lower timeframes, indicators reflect a mildly oversold condition. The 30-minute RSI has recovered from a deeply oversold 26 to 36.09, while the Stochastic RSI shows a weak bullish crossover.
The MACD histogram remains negative but is showing signs of convergence. Despite this, price action has not confirmed any reversal, and rallies have struggled to break above $0.00001150 or the broader resistance at $0.00001225–$0.00001240.
EMA and Bollinger structure confirms risk
The 4-hour chart confirms the broader bearish shift, with PEPE breaking below all major EMAs (20/50/100/200). Price has pierced the lower Bollinger Band, indicating short-term oversold conditions. However, failure to defend the 200 EMA and subsequent loss of the triangle’s lower bound have solidified a breakdown structure. Bulls would need a close above $0.00001280 to reverse the current bearish narrative.
In prior coverage, we highlighted the vulnerability of PEPE below the $0.00001220 zone. That resistance band has since proven significant, with price now trading well below it and confirming bearish continuation. The focus now shifts to whether bulls can defend $0.00001060 or risk cascading toward $0.00000900.
