- PEPE Struggles to Recover: After a 57% drop from its yearly high, PEPE is now trading at $0.0000082, attempting to break free from its falling wedge pattern.
- Bearish Signals Dominate: BBP remains negative, PEPE has slipped below key supports, and the Awesome Oscillator (AO) signals continued bearish momentum, suggesting further downside risk.
- Potential Recovery if Buying Pressure Returns: If market sentiment improves, PEPE could reclaim $0.0000090and possibly push toward $0.000018, but failure to do so may send it down to $0.0000065.
Over the last 24 hours, PEPE has been desperately trying to shake off its title as one of 2025’s worst-performing cryptocurrencies. At the start of the year, PEPE was trading at $0.000022—but now? It’s hovering around $0.0000082, marking a brutal 57% decline. The token even briefly dipped to $0.0000078 before bouncing back slightly.
While this minor rebound might seem like a positive sign, key technical indicators suggest PEPE is still lacking clear direction.
PEPE Attempts to Halt the Bleeding
PEPE’s 6.70% gain in the last 24 hours has formed a falling wedge pattern on the 4-hour chart, a typical bullish reversal signal. But don’t get too excited just yet—technical analysis suggests PEPE isn’t ready for a breakout.
One major red flag? The Bull Bear Power (BBP) indicator. This metric gauges the strength of buyers versus sellers—when positive, bulls have control; when negative, bears dominate. Right now? BBP is still in negative territory, meaning buying pressure isn’t strong enough to push PEPE above the upper trendline of the wedge.
Because of this, PEPE could remain trapped within its falling channel, unable to break free unless buying pressure increases significantly.
Price Continues to Slip Below Key Support
Zooming out to the daily chart, PEPE’s situation looks even more concerning. A rounding top pattern has formed, signaling a potential end to any bullish momentum. This pattern, which resembles an upside-down bowl, is a classic sign of growing selling pressure.
Further adding to the bearish outlook, PEPE has already fallen below the $0.000018 neckline, leading to a drop toward $0.000014 support. With buying pressure still weak, the token has now slipped under $0.0000090, making a continued decline even more likely.
Another concerning signal? The Awesome Oscillator (AO). This indicator tracks momentum by comparing recent price action to historical trends. When the AO reading is positive, it signals bullish momentum. When negative? It’s a bearish warning—and right now, the reading is firmly in negative territory.
If this trend persists, PEPE may continue to trade sideways. But if selling pressure intensifies, the token could tumble further to $0.0000065.
Can PEPE Escape the Bearish Pattern?
For any real recovery, broader market conditions need to improve. If that happens, PEPE might regain some buying pressure, allowing it to reclaim $0.0000090. Should demand strengthen even further, the token could aim for a move toward the $0.000018 neckline.
Until then, PEPE remains stuck in a bearish cycle, waiting for either a breakout—or another leg down.
