• PEPE is trading under pressure but shows resilience amid volatility.
• The $0.00000940 support zone remains the critical short-term level.
• Upside targets extend toward $0.00001100 if bulls defend.
• RSI and MACD indicate weakness with room for further decline.

Pepe (PEPE) is facing renewed selling pressure as broader crypto sentiment leans bearish. The token has slipped by 2.21% in the past 24 hours, extending its weekly losses to 16.65%. At the time of writing, it is trading at $0.000009201, with a trading volume of $793.71 million. This marks an 89.97% decline in a day, while market capitalization fell 2.22% to $924.67 million.

The price now sits just below the important $0.00000940 support zone. Analysts view this level as the key line that could dictate the short-term trend. A successful defense may fuel a rebound, while a breakdown could trigger deeper losses. The market’s next move depends on whether buyers hold the line or sellers push further.

Also Read: Analysts Say Buy Pepeto Now, Beating XRP, Cardano, PEPE For Q4 Momentum Gains

PEPE Bullish Targets and Downside Risks

If the $0.00000940 support holds, upside potential could emerge. The first resistance rests at $0.00001020, followed by $0.00001080. Clearing those levels could open the path toward $0.00001100, which analysts consider a potential reversal marker. A breakout above this zone may extend gains toward $0.00001240, $0.00001280, and $0.00001320.

On the downside, risks remain significant. If the $0.00000940 level gives way, sellers may drive prices to $0.00000900. Further deeper losses may then occur at $0.00000880, followed by another at $0.00000868, which was recently a terminal support hurdle. A break here may expose PEPE again to deeper losses on the downside, continuing its bear cycle.

Technical Indicators Signal Weak Momentum

The Relative Strength Index is at 44.97 with the signal line at 49.82. That is already below the neutral 50 mark, which means lower buying strength as well as higher bearish sentiment. The downward break below the signal line also testifies that the sellers are gradually but surely gaining control.

The Moving Average Convergence Divergence (MACD) indicator also reflects a weak setup. Both the MACD and the signal lines are horizontally steady around zero, while the histogram has become red. This configuration indicates that bearish momentum is coming back after a short interruption.

The lack of strong buying activity suggests the market is stuck in consolidation with a bearish tilt. Stronger red bars of the histogram will confirm ongoing losses, and a return of the green color will be a sign of an early rebound.

Also Read: Pepe (PEPE) Price Prediction: Can PEPE Deliver Another 40X Move Soon?