- PEPE inches upward, but uncertainty looms over its short-term trajectory.
- Key resistance levels will decide if the rally continues or reverses.
- Market conditions remain fragile, with traders treading cautiously.
PEPE has shown some resilience today, managing to push slightly higher after a rough stretch. The token, which had been sliding steadily over the past few days, found some relief as buying activity picked up. While this minor recovery is encouraging, traders remain cautious, wondering if this is just a temporary bounce or the start of a more sustained move upward.
For now, the price seen in CoinGecko is hovering around $0.00000102, staying within a relatively tight range. The token briefly touched lower levels but managed to climb back up, hinting that some buyers are willing to step in at these prices. However, there is still a long way to go before PEPE can shake off its recent downward trend.
According to crypto guru VKodisvaran, the current price presents a good buying opportunity.
Resistance Levels Could Decide PEPE’s Next Move
Looking at the charts, PEPE is currently facing resistance near $0.00000105. If the token can break above this level, it might trigger a more meaningful rally. However, failure to push past resistance could lead to another wave of selling, dragging prices lower once again.
Support remains around $0.00000100, which has held up relatively well. If this level gives way, a sharper decline could be on the table, potentially bringing PEPE closer to its previous lows. For now, traders will be watching closely to see whether the token can build momentum or if sellers regain control.
Can PEPE Sustain Its Momentum, or Is More Downside Coming?
Despite today’s small push upward, overall market conditions remain uncertain. Bitcoin and other major cryptocurrencies are still struggling with volatility, which could impact PEPE’s ability to maintain its gains.
Traders are being cautious, waiting for a clearer trend to emerge. If the broader crypto market stabilizes, PEPE could have a better shot at sustaining its recovery. However, if selling pressure picks up again, it wouldn’t be surprising to see the token revisit lower levels.
For now, all eyes are on whether PEPE can break resistance and hold above key levels. If buyers step in with enough strength, we might see further upside. But if the market remains shaky, this recovery could be short-lived. The next few days will be crucial in determining where PEPE heads next.
