PEPE price breaks below $0.00001134 as downside pressure builds toward key support zone
PEPE price under pressure below VWAP, RSI oversold as bearish trend accelerates
PEPE has extended its decline below a critical swing structure near $0.00001134, deepening its bearish outlook and reinforcing short-term trend weakness. The coin is now testing support around $0.00001025, with little sign of recovery, as key indicators show persistent negative momentum and sellers continue to dominate.
Highlights
- PEPE trades under key VWAP resistance and below Ichimoku Cloud, confirming weak buyer intent
- RSI at 26, MACD bearish crossover, and DMI with ADX above 33 point to downside strength
- Price eyes support near $0.00000975; reclaiming $0.00001134 is crucial to shift bearish tone
The 30-minute chart reveals extreme selling pressure, with RSI sinking to oversold levels around 26. This weakness is further confirmed by a MACD bearish crossover well below the zero line, while Stoch RSI remains compressed at the bottom. PEPE also continues to trade decisively beneath the Ichimoku Cloud, with conversion and baselines acting as dynamic resistance. Price action remains subdued below VWAP, and repeated rejections at the envelope’s upper band indicate institutional volume is lacking on rebounds.
PEPE price forecast (Source: TradingView)
Directional strength metrics reflect the gravity of the move. The -DI has surged to 43, while +DI sits below 9, creating a widening divergence. The ADX, now above 33, confirms a solid bearish trend. Together, these indicators paint a picture of strong downside control, limiting the potential for a sustained rebound unless accompanied by volume reaccumulation.
Chart structure exposes next critical support zone
The breakdown below $0.00001134 signals the continuation of a lower high–lower low sequence. Price remains locked within a descending wedge and Fibonacci regression channel, with current support at $0.00001025 now vulnerable. A breach below this level could open downside toward $0.00000975 and $0.00000938, both near the lower channel band. Should this area give way, Fibonacci pivot supports lie further down at $0.00000845 and $0.00000776.
Our prior analysis on PEPE noted the rising pressure below $0.00001130 and warned of downside risk unless bulls reclaimed critical levels. With the breakdown now extending, our caution remains validated as the $0.00001050–$0.00001075 region becomes key for any meaningful recovery attempt.
