The immediate upside target is at the 50-period exponential moving average (EMA), currently near $0.00002165, followed by the 200-period EMA at $0.00002070. These levels constitute crucial resistance zones that the PEPE must break to confirm a sustainable recovery.
The RSI remains oversold at 20.11, indicating that the downside momentum may be too extended, supporting the case for a corrective rebound. However, trading volumes during the rebound remain modest, raising concerns about the strength of the recovery.
Failure to reclaim the EMAs could lead to further decline, with key support levels at $0.00001716 and $0.00001411 (the 0.786 Fibonacci level).
PEPE/USD Weekly Price Chart Analysis – More Drawdowns in 2025
PEPE is moving back after reaching the upper trendline of its ascending wedge pattern on the weekly chart. The bearish structure increases the probability of a decline towards the $0.00001418 to $0.00001097 support zone. This range aligns with the 0.5 to 0.618 Fibonacci retracement levels and the 50-week exponential moving average (EMA), currently near $0.00001048.