• Critical Support: PEPE trades near $0.00000376, forming a potential accumulation zone for buyers.
• Short-Term Pressure: Price faces selling pressure with weak rebounds and bearish technical indicators.
• Breakout Potential: A decisive trendline breakout could target over 600% upside for long-term traders.

PepeCoin — PEPE, recently bounced from $0.00000367 to nearly $0.0000039, showing brief bullish strength. Sellers quickly pushed the price back down, highlighting persistent downward pressure. Currently, PEPE trades around $0.00000376, where buyers are attempting to hold a floor. Volatility has contracted, suggesting momentum is cooling. Unless trading volume increases, PEPE may stay range-bound in the short term. Traders are watching this level closely for signs of a possible reversal.

Long-Term Breakout Potential

On the weekly chart, PEPE has been in a prolonged downtrend. Lower highs connect across the descending trendline, showing steady price compression over months. The token has now reached a key historical support zone near $0.0000039. Selling pressure appears to weaken at this level, and the reduced volatility suggests a potential accumulation area.

Analyst LongTerm points out that a decisive breakout above the long-term trendline could confirm a bullish reversal. A successful move could open the door to a strong upward push, with a projected upside exceeding 600%. Prior supply levels provide logical targets for such a rally, offering traders a high-reward scenario if PEPE reverses its downtrend.

Support at this level could attract buyers looking for a long-term entry. Sustained accumulation near $0.0000039 may indicate that PEPE has bottomed for now. The compression in price could also reduce risk for those entering before a breakout. Traders should watch for confirmation, as a decisive close above the trendline would mark a key turning point.

Short-Term Struggles and Market Pressure

Despite the long-term potential, PEPE faces significant short-term challenges. On the 1-day chart, the token remains in a broader downtrend, with consistent lower highs and lower lows. Recent attempts to rally have been weak, and renewed selling continues to push price down. The $0.0000038 level provides temporary support, but bulls struggle to sustain upward momentum. Technical indicators show mixed signals. The relative strength index hovers in the low-to-mid 30s, suggesting near-oversold conditions but no clear bullish divergence.

The MACD remains bearish, with signal lines below zero and expanding red histogram bars, indicating continued selling pressure. Buyers should remain cautious, as the short-term environment favors bears. Traders can use the current consolidation to plan potential entries or accumulate cautiously. Monitoring volume is critical; increased buying activity may trigger the breakout scenario outlined on the weekly chart. Meanwhile, failure to hold support could push PEPE lower, delaying the projected upside.

PEPE’s critical support level represents a make-or-break zone. Long-term, the token has potential for a significant rebound if buyers regain control. Short-term challenges remain, but the 600% upside scenario highlights the high-reward potential for traders and investors willing to watch price action closely. Patience and careful monitoring of support levels and trendline breaks remain essential for navigating this setup.