Pepe price fell 4% in the past 24 hours and is trading at $0.00000856, with trading volume rising 17% to $548 million.

Since mid-April, Pepe price has been steadily rising to resistance around $0.00000814 before retreating to support at $0.00000703, forming a cup-with-handle pattern.

However, PEPE negated all bullish signs at this level as it broke below the neckline to support around $0.000006011, which acted as a buffer to the downside. Subsequently, bulls used this support to push the price higher and PEPE rebounded to resistance around $0.00000899.

PEPE has been trading in the range, forming a bullish pennant. The bulls’ goal is to push the price higher to break new record highs.