PEPE is the talk of the memecoin town as it battles for survival inside a stubborn descending channel, facing fierce liquidity rejections at the highs[1]. Traders are feeling the heat after two powerful rallies saw PEPE sweep above the critical 0.0000126–0.0000130 resistance—only to face sharp reversals, signaling that sellers are still in control at the top of the range.
Currently, PEPE sits mid-range near 0.000103, testing the lower edge of a crucial purple “decision box.” If the price slips below the 0.0000999 level, bears could press their luck toward deeper channel support, turning the heat up even further on those hoping for a reversal.
For bulls, all eyes are on a clean and decisive reclaim of the 0.0000126–0.0000130 zone. Without it, upward momentum remains elusive and any move higher may quickly fizzle out.
Key Takeaways:
- **Two failed rallies:** Both ended in sharp reversal after liquidity was swept at the highs.
- **Support test underway:** A breakdown below 0.0000999 invites more downside.
- **Momentum pivot:** Only a sustained move above 0.0000126–0.0000130 can flip the trend for bulls.
Hot traders know: In channels like these, liquidity sweeps at the top can mark market exhaustion, and support levels become the ultimate decision battlegrounds.
*Keep your eyes glued to PEPE—either a breakdown or breakout from here could trigger fireworks, and volatility is the only guarantee.*[1]