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PEPE Tests Support After 75% Rally From Lows
⬤ PEPE’s hit a consolidation phase after bouncing hard from its lows, breaking weeks of quiet trading. The daily chart shows price shooting up after compression, then easing back into what used to be a support area. This is textbook meme coin behavior when volatility kicks back in after a long pause.
⬤ The chart shows PEPE trending down through most of the year before stabilizing between 0.0000040 and 0.0000050. After building a base there, price shot up to 0.0000070 with volume spiking—clear sign traders were jumping back in after sitting on the sidelines.
⬤ Now PEPE’s given back some gains and is testing that support zone again. This area held as demand during consolidation and it’s getting another test now. Price is hesitating rather than continuing up, which means buyers and sellers are figuring out who’s in control. If it holds here, PEPE forms a higher low and keeps the structure intact. If it breaks, we’re probably heading back into choppy sideways action.
⬤ This matters for meme coin sentiment right now. These assets run on momentum and quick shifts in trader interest. If PEPE holds this support, it shows the bounce still has legs. If it fails, momentum’s fading and things get messy again. For now, PEPE’s sitting at a technical crossroads—what happens here sets the tone for the short term.