PEPE has started to go in the direction of being a big star!

Completely crazy frog, bull market leader is just around the corner!

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# Pepe coin is currently trading within a descending channel pattern on the 4-hour chart.

PEPE price is down 46% from its 2024 peak at $0.000005800, falling below the 20-day moving average.

Following the panic selling, PEPE found support near $0.000006, in line with the 50% Fibonacci level.

PEPE is struggling to break above the 38.20% Fibonacci level on the daily chart.

The daily chart of PEPE price shows a short-term squeeze with Bollinger Bands converging and a significant drop in trading volume.

Bulls will need to regain momentum for PEPE’s price to break above the initial resistance at $0.000008.

According to Coingabbar Price Forecast, further negative trends could push PEPE towards the $0.000005 support level with a potential risk of a drop to $0.000004.

Critical level:

Resistance level: $0.000008200-$0.000009500

Support level: $0.000005900-$0.000004900

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