$PEPE
PEPE
0.0₅594
-1.00%
The chart highlights a clear descending channel that controlled PEPE’s price action for months. PEPE recently popped above the channel’s midline and attempted a stronger push, signaling short-term demand returning.
However, the recovery is now running into a heavy overhead supply zone, marked around $0.00000779. This level previously acted as support before the price broke down, and such zones often turn into resistance when the market retests them.
If PEPE can reclaim this area and hold above it, the breakout starts to look more reliable. If it fails to break through, the move risks becoming a short-lived relief rally.