$PEPE Consolidates Near $0.00001105 — Breakout or Breakdown Ahead?
Meme coin favorite $PEPE is currently trading at $0.00001105, showing a 0.90% drop over the past 24 hours. Despite the decline, price action remains relatively stable as the market moves through a consolidation phase. Over the past day, PEPE ranged between a high of $0.00001124 and a low of $0.00001069, indicating short-term indecision among traders.
Technical indicators show that PEPE is hovering near an important support level. The price is currently holding above the $0.00001069 floor, and if buying momentum increases, PEPE could attempt a move toward resistance near $0.00001168, followed by higher levels like $0.00001238 and $0.00001308. A breakout above these zones may spark a new rally.
However, a drop below the current support could lead to further downside, with potential targets at $0.00001044 and $0.00001028, as shown by depth data on Binance.
Despite the short-term weakness, activity remains high, with 9.75 trillion PEPE traded in the past 24 hours, equivalent to $107.36 million USDT in volume. While trading activity is strong, it has slowed slightly compared to peak periods.
As a leading meme token in the crypto space, PEPE continues to attract both retail traders and speculators. Though volatility is expected, many in the community believe this pullback could be a temporary pause before another bullish leg — especially if meme coin momentum resurfaces in the broader market.
Investors and traders are now watching closely for a decisive move above $0.00001124 or below $0.00001069 to determine PEPE's next direction.