Will PEPE Price Reach $0.0001 Next Week?
As Bitcoin regains dominance with an 8% surge over the past weekend, many tokens, including memecoins like PEPE, have followed its lead but struggled to break through key resistance levels. The price of PEPE has been held below $0.00001, indicating strong bearish pressure.
The major tokens may have outpaced the memecoin mania, with Pepe and other tokens seeing only marginal gains. Since falling from its bullish pattern, PEPE has established a strong base but hasn't seen a significant upward move. BTC remains stuck in a narrow range, suggesting an ongoing squeeze. This raises the question: when will PEPE regain $0.0001?
Currently, PEPE's price has stabilized around $0.00000925 after being rejected at $0.00001125. Despite a minor rebound, the Ichimoku cloud remains bearish, hinting at continued consolidation. The DMI is neutral but expected to turn bullish soon. Until then, PEPE is likely to maintain its current price action.Even with a potential bullish trend, the memecoin craze seems subdued compared to major tokens, as Bitcoin's dominance grows.
Market participants are favoring Bitcoin, limiting liquidity flow to altcoins and memecoins. Until a major event like the spot ETH ETF launch occurs, PEPE's price may remain within its current range. However, a bullish market could push PEPE above $0.00001.
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