$PEPE is currently trading at 0.00002284, showing a bearish sentiment after failing to sustain upward momentum. The price is moving within a range, with 0.00002200 acting as strong support and 0.00002500 as resistance.
Recent price action shows multiple rejections near the resistance zone, indicating selling pressure. If the price breaks below the support at 0.00002200, further downside toward 0.00002100 can be expected.
However, a rebound from this level could see $PEPE retesting the upper resistance zone. Traders should monitor for a clear breakout from this range to confirm the next direction.