The current analysis of PEPE indicates that the price is trading at a key level, testing the support zone of a symmetrical triangle formed on the chart.
Symmetrical Triangle Structure on PEPE Chart
The PEPE/USDT daily chart outlines a symmetrical triangle that has been forming since May. Price has created higher lows and lower highs, with points A–B–C–D marking the tightening range. This pattern often reflects market indecision before a decisive breakout.
Key Support and Resistance Levels
Crypto analyst Alpha Crypto Signal noted on Twitter that PEPE is now sitting on the edge of support. Repeated lower highs indicate seller pressure, while buyers are struggling to maintain momentum. Support for PEPE is found near 0.0000090 USDT, while resistance lies around 0.0000120 USDT. A breakout above resistance could extend toward 0.0000150–0.0000180, whereas a confirmed breakdown could expose the lower zone near 0.0000070.
Indicators Suggest Weak Momentum
Looking at the indicators, the MACD on the daily chart remains weak. Both lines hover just below the zero line, with the histogram showing minimal bars. This indicates indecision and muted momentum in either direction. The Stochastic RSI is currently near oversold territory, with values of 26.25 and 18.64. This suggests downside pressure may be easing, though sellers still retain partial control.
Overall, PEPE is trading close to the lower boundary of its triangle structure. The next move will depend on volume confirmation and broader market sentiment, particularly Bitcoin’s performance.
