PEPE faces selling pressure as price breaks key trendline and slides toward lower support zones
PEPE faces pressure below $0.00001087 as trendline rejection and volume breakdown signal further weakness
PEPE (PEPE/USD) continues to struggle under sustained bearish pressure, closing the June 18 session below its ascending trendline for the first time since April. The token’s price action now reflects a structurally weak setup, with repeated failures at the $0.00001200 level and increased vulnerability below $0.00000989, marking a pivotal shift in the short-term outlook.
Key highlights
- PEPE price breaks below April trendline, closing near $0.00000957 with extended downside risk
- Technical indicators show sustained bearish momentum below 20/50/100/200 EMA bands
- Liquidity breakdown suggests deeper targets near $0.00000827 and $0.00000699 if sentiment worsens
The 30-minute and 4-hour charts underscore a deepening selloff, as PEPE remains suppressed beneath a descending trendline and trapped inside a pitchfork channel sloping downward.
PEPE price dynamics (Source: TradingView)
Recent breakdowns below $0.00001012 and the $0.00000989 intraday support suggest that the path of least resistance is to the downside. Volume-based tools such as the Klinger Oscillator and OBV continue to flash distribution patterns, confirming that bearish sentiment dominates the current price structure.
Fibonacci zones hint at deeper pain if $0.00000957 fails
Technical models project further downside toward $0.00000827 and even $0.00000699, both marked by prior volume gaps and Fibonacci confluence levels. These targets are reinforced by failures near the pitchfork’s median and repeated rejections at the 20-EMA and VWAP bands. PEPE’s price currently sits at $0.00000957, a key mid-channel support, and failure to hold this level may invite a sharp decline into late June.
Indicators show that bearish momentum remains intact. The price continues to trade below all key EMAs on the 4-hour chart, and the Keltner Channel shows compression around the lower band. Momentum oscillators are firmly in negative territory, with the BBP histogram flatlining and the Chande Momentum Oscillator drifting near -9, suggesting no sign of bullish divergence.
Outlook hinges on reclaiming trendline or risking deeper capitulation
Unless PEPE quickly reclaims the $0.00001087–$0.00001169 band with significant buy volume, technical pressure is likely to build further. Only a strong reversal backed by a bullish structure above the April trendline will help shift sentiment. Without that, the coin remains at risk of testing deeper liquidity zones around $0.00000775 and $0.00000699.
In earlier updates, we noted the increasing fragility near the $0.00001087 supply cluster and potential breakdown risks from Smart Money Concepts structures. These signals have now materialized, with bearish CHOCH, BOS, and weak lows confirming a structural pivot to the downside.
