- PEPE is trading at $0.00001077 and remains above the support at $0.00001073.
- The resistance stands at $0.00001118 and the next significant level stands at $0.0000147.
- A recent deviation below support forced shorts to cover before price recovered.
PEPE is now holding steady over key trendline support following a short-term volatile outlier at the beginning of the month. The token is currently trading at $0.00001077 with no change within the past 24 hours . At $0.00001073, support has been strong and the resistance is stronger at $0.00001118. Recent movements have forced short positions to cover, adding further pressure as price attempts to build upward momentum.
PEPE Rebounds Swiftly as Focus Shifts Toward Overhead Resistance
Earlier in September, price briefly dipped below the rising support line, creating what chart watchers identified as a deviation. This move trapped short sellers who anticipated further declines. However, the recovery was swift, with PEPE reclaiming its trendline within the same trading cycle. That rebound has since established stronger footing for the token, reinforcing $0.00001073 as a vital level in the short term.
With support confirmed, price action has shifted focus toward overhead resistance. The current ceiling remains defined at $0.00001118, just above the latest trading range. A decisive push above this point could alter market dynamics, as trading volumes have increased near resistance in previous tests. Notably, the chart shows price aligning with higher lows, providing added compression against this key barrier.
PEPE Path Toward Higher Targets
The broader chart structure highlights $0.0000147 as the next significant resistance level should the immediate zone be cleared. This level coincides with earlier rejection points recorded during summer sessions. The trendline now converges with current pricing, creating a narrow zone where momentum could resolve quickly. As the token contracts below crucial levels, market players will be keen to ascertain the directional power.
PEPE is consolidating above the support of $0.00001073 after having bounced back after going off course with a resistance of 0.00001118 and a higher target of 0.0000147. The market focus is still on the sustenance of momentum as compression is accumulating below the critical levels and traders are awaiting direction confirmation in the next few sessions.
