Where is PEPE going? That is the question after a week of indecisive price action wrapped in technical contradictions. On the daily and weekly chart, PEPE looks trapped in its own sideways structure, much like someone stubbornly holding their MAGA hat in a headwind, unsure whether to push forward or wait for the breeze to change.
The price sits around 0.00000100 USDC, hugging the lower bands of its technical ranges without conviction. The daily indicators like RSI and StochRSI show soft recovery attempts but nothing that signals a clear reversal. Money flow on the 1d chart reveals moderate inflows, with large buyers stepping in, yet the price response remains flat. Margin debt growth has dipped, showing a reduction in leveraged bets, which often hints at hesitation rather than confidence.
The weekly setup reflects the same uncertainty. Moving averages curl downward, volume dries up, and the overall structure feels paused rather than prepared for a breakout. Even with recent inflows, the reaction has been muted, with buyers seemingly unwilling to chase price higher and sellers not aggressive enough to break it lower.
The conclusion is straightforward. PEPE is drifting in technical limbo. It may posture for a bounce, but without stronger inflows translating into price expansion or a clear structural break, the token remains where it has been all week. Flat, speculative, indecisive. Traders watch for the reversal, but so far, the chart refuses to commit either way.
One last thought. PEPE might be stuck for now, the chart might be lost in hesitation, but if history taught this market anything, it is that memecoins never truly disappear. They lie low, they stall, they frustrate, and then they remind everyone why they never play by technical rules for long. As for making memecoins great again, that remains an open campaign promise.
