PEPE price weakens near key support as bearish momentum deepens
PEPE price stalls at support as downside structure and volume resistance cap bullish momentum
PEPE is struggling to maintain stability above the critical 0.00001000 threshold as of June 19, with downside pressure intensifying amid continued rejection from key resistance zones. The meme token has spent the last two weeks locked within a bearish structure that began with the failed breakout in mid-May, and recent price action suggests further losses may lie ahead if buyers fail to regain control.
Key highlights
- PEPE holds above 0.00001000 after rejecting from 0.00001150 supply zone
- Technical structure remains bearish within descending triangle and trendline break
- Price risks drop to 0.00000940 if key support fails
Downside structure forms beneath broken trendline
On the daily chart, PEPE remains capped within a broad descending triangle, with multiple rejections below the 0.00001500–0.00001600 region. The price has now slipped below the ascending trendline that originated from April’s recovery low, a move that confirms broader technical fragility. Shorter timeframes, including the 4-hour and 30-minute charts, show price consolidating just above psychological support at 0.00001000 after several lower high rejections. Notably, the 0.00001110–0.00001150 zone continues to serve as strong overhead resistance, coinciding with supply clusters and a descending trendline barrier.
PEPE price dynamics (Source: TradingView)
Smart Money Concepts (SMC) indicators confirm bearish footprints, including multiple Break of Structure (BOS) patterns and Change of Character (CHoCH) signals below 0.00001090. These formations suggest institutional selling remains active and dominant, with price unable to sustain recovery attempts above previous liquidity zones.
Momentum stalls as volatility tightens
Momentum readings further highlight indecision with a bearish lean. RSI on the 30-minute chart holds near 54, while the MACD histogram shows red bars increasing in volume. The 4-hour Bollinger Bands have narrowed, indicating suppressed volatility and setting the stage for a sharp directional move. Unless bulls reclaim the 0.00001150 level and print higher lows, bearish control is expected to persist.
Volume profile and Fibonacci analysis place value area lows near 0.00000940–0.00000980. A confirmed close beneath 0.00001000 could trigger a fall toward these demand zones, with deeper downside risk extending to 0.00000860. On the upside, only a break above 0.00001180 would invalidate the current bearish setup.
In earlier analysis, we noted that PEPE price remained fragile below trendline resistance and was facing bearish compression. Those concerns have since intensified, with price action now reflecting consistent lower highs and compression below liquidity pivots. Bulls must reclaim the mid-June high near 0.00001180 to shift sentiment back to neutral.
