Pepe experienced a brief resurgence at the end of June, rising back to the $0.000013 range for about a week. However, the momentum quickly encountered resistance and subsequently showed significant weakness. In the past seven days, its price has fallen by 25%, further exacerbating market concerns.
As the overall cryptocurrency market continues to be under pressure, Pepe was hit hard again today, falling as much as 13%, leading the decline among the top five meme coins by market value. The daily chart analysis reveals that Pepe is currently in a weak trend, indicating that there may be more room for decline in the future.
In the early trading today, Pepe has fallen below the psychological barrier of $0.00001 and is currently hovering around the key support level of $0.0000092, but all signs indicate that this support level may be difficult to hold for a long time. If this support level is lost, the price may fall sharply to the $0.0000076 or even $0.000006 area. In the long run, $0.000002 will become the next support test point that cannot be ignored.
On the other hand, $0.0000108 is seen as a key resistance barrier that may be re-challenged in the future, followed by $0.0000135, which triggered a round of selling last week. If the above resistance can be effectively broken, $0.000016 will become the next critical resistance threshold.
Summary of key price points:
Key Resistance Levels: $0.0000108, $0.0000135, $0.000016
Key Support Levels: $0.0000092, $0.0000076, $0.000006
Currently, Pepe’s spot trading price is $0.0000095, the market trend is pessimistic, and volatility remains high.