$PEPE Price Faces Continued Downtrend Amid Bearish Momentum.
The 1-day $PEPE chart shows a prolonged downtrend, with the price declining from recent highs near $0.00000550 to the current level around $0.00000371. The price has been forming lower highs and lower lows, reflecting persistent selling pressure. Recent attempts at recovery, such as the bounce above $0.00000370, have been limited, suggesting the market remains under bearish control.
Looking at the indicators, the MACD shows a negative crossover, with the MACD line below the signal line, confirming bearish momentum. The histogram is slightly improving but remains in negative territory, indicating that selling pressure is slowing but not yet reversing. The RSI is near 37.25, suggesting the token is approaching oversold conditions but not deeply oversold. This combination of MACD and RSI signals supports a cautious outlook, with potential for short-term consolidation before any meaningful upward move.