PEPE price is currently trading around $0.00000332, having gained approximately 4.64% as steady buying pressure lifts the market. The memecoin is showing a gradual uptrend with consistently higher lows forming, having climbed from near $0.000003170 and advancing through the session. Analysts note that buyers are defending dips quickly, indicating strong short-term demand, and holding above the $0.000003250 level is crucial for maintaining bullish momentum.
According to analyst PepeWhale, PEPE on the daily timeframe continues to trade within a prolonged downtrend and is now testing the critical $0.0000031–$0.0000032 demand zone. This level previously attracted buyers and slowed declines, with selling pressure appearing weaker near this area. If buyers respond, PEPE could attempt a rebound from this support, with the next liquidity target sitting near $0.0000055, which now acts as resistance. However, losing the $0.0000031 support could open the door for deeper downside.
A more bullish projection comes from analyst Steph Is Crypto, who identifies a major opportunity forming for PEPE. The chart shows price returning to a strong demand zone around $0.0000033–$0.0000035 after a long correction. This level previously acted as a launchpad for a huge rally, and repeated tests suggest buyers may be slowly accumulating again. The projection highlights a possible 781% upside move from the current zone, with a strong bounce potentially pushing the price toward the $0.0000028 region in the coming cycle, mirroring the explosive rally seen earlier in the trend.
In a separate session, PEPE showed a modest recovery after a recent decline, briefly dropping near $0.0000031 before gradually rebounding to trade around $0.00000347, up 4.76% in the last 24 hours. Analyst Pepewhale notes the market is approaching a critical support zone at $0.00000323. If this support holds and bullish confirmation appears, the price could move first toward $0.00000346 and then potentially toward $0.00000379. Failure to hold $0.00000323 would significantly weaken the bullish scenario.
The daily chart shows a clear bearish trend after a strong rally toward $0.00000700, with price forming consistent lower highs and lower lows. The Bollinger Bands indicate price trading near the lower band around $0.00000301, suggesting continued downside pressure, while the Relative Strength Index remains near 39, below the neutral 50 level, indicating weak momentum.
