The 1000PEPEUSDT Perpetual Futures pair is currently trading at $0.0080863, reflecting a modest daily decline of -1.25%. The mark price is nearly identical at $0.0080865, indicating price stability despite bearish pressure. Over the past 24 hours, the price ranged between a high of $0.0082683 and a low of $0.0079848. The trading volume has been significant, with 54.39 billion 1000PEPE tokens exchanged, totaling approximately $442.56 million in USDT.The technical indicators point to a prevailing bearish trend, with the price staying below all key moving averages. The 7-period MA is at $0.0080949, the 25-period MA is at $0.0081458, and the long-term 99-period MA is at $0.0085466—all of which act as resistance levels. Price action has been trending downward with lower highs and lower lows, struggling to sustain upward momentum.The Relative Strength Index (RSI-6) sits at 40.02, which suggests the asset is in the neutral-to-weak momentum zone, neither oversold nor showing strong bullish strength. Volume has tapered slightly, signaling reduced interest from both buyers and sellers compared to previous spikes.In summary, the 1000PEPEUSDT perpetual futures chart shows a weak and consolidating market, with price action confined within a narrow range and unable to break key resistance levels. Traders may wait for confirmation of trend reversal or continuation. With RSI in the mid-range and volume declining, market participants should remain cautious and watch for either a breakdown below support or a breakout above the moving averages to determine the next directional bias.
