$PEPE Price Analysis: Will PEPE Survive Prevailing Bear Pressure? - CoinGape Analytics

PEPE technical analysis reveals the asset still maintains a broader downward trend. The recent break down from the symmetrical triangle in a large red candle confirmed a strong bearish breakout and the continuation of this downtrend.

Pepe Coin price will likely find support around $0.00000680–$0.00000700, which marks the previous low. Although the downward pressure remains strong, a bounce from this level may result in a double-bottom bullish reversal pattern that may catapult PEPE over 105% to $0.00001280.

The Bollinger Bands and the Chaikin Money Flow (CMF) indicators suggest that the value of PEPE is currently in an oversold condition with money flowing out of the asset, which supports the bearish outlook.

Given the strength of the bearish breakout, the longer-term trend remains downward. However, increased adoption of the Pepe token may result in a trend reversal. A test and bounce from the $0.00000650 support zone may complete a potential bullish reversal pattern for the PEPE price. The next target would be $0.00001280.