The 1000PEPEUSDT Perpetual Futures contract is currently priced at $0.0079140, reflecting a -2.11% decline over the latest period. The mark price stands at $0.0079151, showing minimal deviation from the last traded price. Over the past 24 hours, the price has ranged between a high of $0.0083515 and a low of $0.0077750, with a substantial trading volume of 73.56 billion 1000PEPE tokens, equivalent to around $591.82 million USDT.From a technical standpoint, the price is slightly below the 7-period moving average (MA7) at $0.0079454 and also under the 25-period MA (MA25) at $0.0080721 and the 99-period MA (MA99) at $0.0083402, indicating a prevailing bearish momentum. The price action shows a recent attempt to recover after hitting the local bottom, but the resistance from short-term MAs may cap upside potential.The Relative Strength Index (RSI) (6) is at 41.39, which places the token in neutral to slightly bearish territory, with no immediate signs of being oversold or overbought. Trading volume has declined after a recent surge, reflecting weakening buying interest.In conclusion, the 1000PEPEUSDT perpetual futures market is showing signs of consolidation after a downward move, with resistance pressure from all key moving averages. Traders should watch closely for either a breakdown below support at $0.0077750 or a breakout above short-term moving averages for confirmation of the next direction.
