Meme Coin Struggles at Support While Investors Question Market Momentum
Pepe (PEPE) is once again under pressure, trading near $0.00000096 after repeated failures to reclaim higher resistance levels. The meme-inspired token, which saw massive retail interest earlier this year, is now testing a crucial support zone, with analysts warning of a possible 15% downside risk if market conditions weaken further.
The 4-hour chart reveals that PEPE has been unable to break past the $0.00000130–$0.00000150 resistance range, marked by repeated rejections in recent weeks. The token is currently consolidating just above the $0.00000090 support zone, highlighted in green. A sustained breakdown below this level could trigger a decline toward $0.00000082–$0.00000080, where the next demand zone lies.
Meanwhile, trading volumes have steadily declined, signaling reduced speculative interest. The sharp fall in on-chain activity also supports the view that retail participation is fading.
According to BITX analysts, “PEPE is caught in a liquidity trap. Without fresh inflows, the token risks sliding into lower ranges. The $0.00000090 level is make-or-break in the short term.”
The broader crypto market has also slowed ahead of key U.S. economic data releases this week. Lower risk appetite among retail traders is amplifying pressure on speculative tokens like PEPE. While Bitcoin and Ethereum consolidate near their respective supports, altcoins with weaker fundamentals face sharper corrections.
If support at $0.00000090 holds, PEPE could stabilize and attempt another retest of the $0.00000120 range. However, a breakdown would expose the token to a 15% drop, aligning with its bearish technical setup.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.