• PEPE chart displays compression around $0.00001100 as candles lean on support while momentum slows across the range.
• Analysts highlight $0.00001700 as the resistance to beat while $0.00000700 remains the downside risk for traders.
• Market focus stays on whether PEPE can defend support or break lower as 2026 trading approaches with caution.

Pepe (PEPE) is showing signs of weakening support as the price compresses within a narrowing triangle on the KuCoin chart. A recent update on September 23 highlighted that the token may be losing critical momentum as it trades around $0.00001100. Traders now question whether the pattern will resolve in favor of bulls or break to the downside.  

Compression Pattern Signals Tightening Range

The three-day chart of PEPE paired with USDT revealed a sustained compression pattern. Price action has repeatedly tested both upper and lower trendlines, producing tighter swings. This triangle formation reflects indecision in the market and is often followed by sharp directional moves once compression resolves.

The annotated chart described the structure with “compression” labels on both sides. This terminology highlighted how price volatility has shrunk, pushing PEPE toward an eventual breakout or breakdown. Currently, the token sits near the midpoint, trading at $0.00001100 with visible pressure building.

Steph Is Crypto, the analyst sharing the chart, noted PEPE is “losing support.” This statement reflects how the token’s recent candles leaned heavily on the lower trendline, raising concerns about stability. If selling pressure increases, the compressed structure could give way to declines.

Key Levels and Market Behavior

Price history shows PEPE faced rejection several times near the $0.00001700 level. Each push higher met resistance, triggering retracements that fed into the compression pattern. These repeated failures to sustain upward momentum have weighed on short-term sentiment among traders watching closely.

The lower boundary of the formation sits just above $0.00000700. If this level fails, the compression could break downward, exposing PEPE to further losses. A confirmed move below would negate bullish recovery hopes and extend declines toward deeper support zones.

Despite the bearish pressure, compression triangles can also resolve upward if buying volume increases. A break above $0.00001700 would open the path toward $0.00002500 and potentially $0.00004000. Such a breakout would mark a reversal of recent weakness and restore optimism in the market.

Market Sentiment and Investor Focus

Investor sentiment remains divided. On one side, the bearish interpretation sees weakening support as a signal for imminent breakdown. On the other, optimists argue that compressed ranges often produce powerful rallies if buyers step in at the right moment.

Steph’s commentary about support loss sparked active discussion online. Traders pointed to the need for confirmation before drawing firm conclusions about direction. Many agreed that the narrowing range places PEPE at a critical junction, where price action in the coming weeks will be decisive.

The central question now emerges: can PEPE defend its compression zone and turn $0.00001100 into a springboard for recovery? If so, traders may see renewed upside potential. If not, the token risks sliding toward new lows that could redefine its outlook heading into 2026.