Pepe is under pressure, sinking 15.49% as the broader market reacts to Trump’s “tariff war,” but the downtrend may be nearing its floor around $0.000007.
Monday’s session saw bulls attempt a recovery, only to be overpowered by the broader sell-off, pushing Pepe further down the meme coin ranks.
With trading volume down 22% to $1 billion, a bottom may be forming, raising the question: is this a buy-the-dip opportunity?
PEPE Price Analysis: Is a Breakout or Breakdown Next?
The decline threatens a retest of the falling wedge forming since early December, marking a either a bottom or a steep drop ahead.
PEPE / USDT 1D chart, falling wedge pattern. Source: TradingView.A decisive breakdown could send PEPE tumbling to $0.0000023—a potential 200% decline from current levels.
This remains a credible scenario as PEPE still faces heavy bearish pressure, with the Relative Strength Index (RSI) stuck in the 30s, signaling persistent selling dominance.
More so, the MACD line continues to hover near a potential death cross, moving in close parallel with the signal line.
Despite this, the bulls have managed to hold their ground so far. A decisive rebound from the lower support could put PEPE back on a recovery path.
While a consolidation seems a more credible next step from this point, the wedge pattern still projects an upside target of $0.000022—marking a potential 200% gain from current levels.
A pattern support retest will be key to identifying where the PEPE price will go next.
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