$PEPE is now sitting in a major historical demand zone
This area has already acted as a strong base before, and price is once again holding instead of breaking down, which is a key signal.
After the last expansion, PEPE went through a long correction and is now consolidating near the 0.0000050–0.0000060 support range. Selling pressure has clearly slowed down here. When price stops accelerating lower and starts ranging at support, it usually means distribution is ending and accumulation is starting.
As long as PEPE holds above this demand zone, the structure remains healthy. The first upside resistance sits around 0.000014–0.000018, and a clean breakout above that zone can open the door for a larger move toward the previous expansion range.
This is not a fast pump setup. This is a base-building phase. Volatility will come back only after enough time is spent absorbing supply. Patience matters here more than hype.
Let the structure confirm, respect the support, and allow the cycle to develop naturally.