**PEPE Price Update – Key Resistance Ahead**
PEPE is currently trading around **0.00001006**, showing a slight recovery with a 3.60% intraday gain. However, from a technical perspective, the market is approaching a **crucial resistance zone** that could determine the next directional move.
### Key Levels to Watch:
* **Immediate Resistance**: 0.00001030
* **Support Zone**: 0.00000775
* **Major Support**: 0.00000517
Looking at the daily chart, PEPE has been in a **downtrend** since its peak at **0.00001632**, forming a clear descending resistance line. The price attempted to break through this line but is currently **struggling to close above the 0.00001030 mark**, which is acting as a **critical resistance**.
If PEPE **fails to close and hold above 0.00001030**, we could see a sharp move downward, retesting the next support near **0.00000775**. This zone coincides with the descending channel and could act as a bounce point. If that breaks, the price could further drop toward **0.00000517**, which is a historical accumulation level.
### What Traders Should Do:
* **If price breaks and holds above 0.00001030**: This could be the start of a reversal, potentially targeting **0.00001218** and then **0.00001452** in the short term.
* **If price rejects at 0.00001030**: Consider this a signal to wait or take profits if you're already in. A retest of 0.00000775 is very likely.
PEPE remains a **high-volatility meme token**, and trading it requires strict discipline. Volume remains consistent, but bullish conviction needs to grow for a breakout.
### Final Thoughts:
This is a make-or-break zone for PEPE. A decisive close above 0.00001030 could flip the sentiment bullish. Until then, stay alert for a potential drop toward the 0.00000775 support level. Be ready for the action, and always manage your risk.
Are you watching this breakout zone or buying the dip?