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PEPE coin , one of the most talked-about meme tokens in 2025, has caught the attention of both retail traders and crypto whales with its wild price swings. But after a euphoric rally in May, the excitement seems to be fading as the price steadily declines. Now, all eyes are on whether PEPE coin price can bounce back from a crucial support level or if it’s headed for another sharp drop. This article dives deep into the current PEPE coin chart setup , technical indicators, and possible outcomes — helping you decide if it’s time to buy, hold, or exit. PEPE coin price is showing clear weakness on the daily chart, currently trading around $0.00001028. The asset is in a corrective phase after hitting a local high near $0.00002500 in early May 2025. Since then, PEPE has been sliding consistently with no significant buying volume to support a bounce. Heikin Ashi candles confirm this downward trend with a series of red bodies and minimal upper wicks — a signal of strong bearish pressure. The RSI (Relative Strength Index) stands at 37.66, below the neutral 50 mark, suggesting bearish momentum still dominates. From a Fibonacci retracement drawn on the latest major impulse (low of $0.00000510 to high of $0.00002500), key support levels emerge: Resistance is clearly visible at: While RSI is not yet oversold (below 30), it is dangerously close. This leaves room for one more leg down before a potential bounce. However, the RSI has been slowly flattening near 37 for the past few sessions, signaling weakening selling momentum. Also, note that the yellow RSI-based moving average (currently at 44) is sloping down, showing no bullish crossover in sight. This further confirms that recovery is not imminent unless there's a strong external catalyst. Let’s calculate possible retracement levels using Fibonacci and chart data. If PEPE price breaks current support at $0.00001000 , the next major Fibonacci level sits at $0.00000820 (0.786 retracement). A drop to $0.00000820 from the current price of $0.00001028 represents a potential 20.23% downside: However, if PEPE price holds and reverses from the current support, a bounce toward $0.00001350 could give a 31.33% upside: This makes the current zone a critical pivot for short-term traders. If PEPE can hold the $0.00001000 support zone and buyers return, it has potential to retest $0.00001350 in the next 1–2 weeks. However, if this level breaks, the next support near $0.00000820 could be tested swiftly. Summary Forecast: PEPE remains a high-risk, high-reward meme coin . The current setup shows indecision. For long-term believers, this dip near strong support might be a buying opportunity — but short-term traders should wait for a breakout above $0.00001150 before entering. Price action in the coming 3–5 days will decide the next 30% move. Here’s a simple guide to purchasing PEPE on Bitget , ensuring you can get started easily and with minimal fees. There are numerous cryptocurrency exchanges available, but Bitget stands out for several reasons: Visit the Bitget website or download the mobile app. Sign up by entering your email or mobile number, creating a password, and verifying your account via email. To ensure security and compliance, Bitget requires users to complete Know Your Customer (KYC) verification. Submit a government-issued ID, such as a passport or driver’s license, and follow the instructions for identity verification. This process typically takes a few minutes to complete. Once your account is verified , you can deposit funds into your Bitget wallet. You can do this via bank transfer, credit card, or using other cryptocurrencies. With funds in your account, head to the trading platform. Select PEPE from the list of available cryptocurrencies . Enter the amount of PEPE you want to buy and confirm your purchase. $PEPE, $Pepe, $PEPECoin