PEPE price slips under critical resistance as sellers retain control in early July trade
Pepe weakens below 0.00001000 as EMA cluster caps price and momentum continues to fade
Pepe (PEPE) price is trading near 0.00000980 on July 4 after retracing from this week’s short-lived bounce. Despite signs of technical support holding, the token continues to face persistent selling pressure below a dense resistance cluster. Multiple timeframes confirm that the broader trend remains bearish until a structural breakout occurs.
Highlights
- Pepe trades at 0.00000980 after failing to reclaim 0.00001060 breakout threshold
- EMA resistance cluster between 0.00000988 and 0.00001046 limits upside attempts
- Support at 0.00000930–0.00000900 remains pivotal for bulls to avoid deeper losses
EMA rejection confirms trend control remains with sellers
Pepe price continues to face rejection beneath a tightly packed EMA cluster on the 4-hour chart. The 20, 50, 100, and 200 EMAs are compressing just above the current price, reinforcing strong overhead resistance between 0.00000988 and 0.00001046. The price reversed after tagging the upper Bollinger Band on July 3, suggesting overextension and renewed exhaustion on higher moves.
PEPE price dynamics (Source: TradingView)
The larger trend remains in a pattern of lower highs and lower lows. The earlier rising wedge breakdown adds to the bearish structure, with the zone between 0.00001050 and 0.00001100 now acting as a ceiling.
Short-term momentum fading despite support holding
Momentum readings on intraday charts reflect seller dominance. The 30-minute RSI is near 40, and MACD continues to print red histogram bars without a bullish crossover. The next immediate test lies at the 0.00000960 support, followed by 0.00000930 and 0.00000900, which held during previous corrections. Below that, downside could accelerate toward 0.00000850.
Unless buyers reclaim the 0.00001000–0.00001020 band with volume confirmation, price action is likely to remain weak heading into the weekend.
In our earlier analysis, we noted that Pepe had rejected from 0.00001060 and was backtesting the 50 EMA with downside pressure mounting. That narrative has played out, with PEPE price now slipping beneath short-term support. The failure to reclaim the resistance cluster keeps bears in control, and a fresh test of the 0.00000930 base may be next.
