Can PEPE Price Sustain Gains or Is More Downside Ahead?

Pepe Coin is currently showing signs of a modest comeback following a turbulent week in the crypto market. With a market cap of $4.39 billion and a 24-hour trading volume of $832.04 million, PEPE continues to command strong interest despite the recent bearish pressure. In the past 24 hours, the token has climbed 2.56%, reaching a price of $0.00001044. 

This recovery comes after a sharp 15.42% decline over the past seven days. Can this meme coin sustain this upward momentum, or will it face another rejection? Read this Pepe price analysis for short term targets.

PEPE Price Analysis: Will the Bounce Sustain?

The 4-hour chart reveals that PEPE is attempting a recovery from its recent lows near $0.000009773, with the current price at $0.00001044. The price is just touching the middle band of the Bollinger Bands, suggesting that volatility is narrowing and a breakout move could follow.

The RSI has rebounded from oversold levels and is now at 45.20, above its signal line at 37.21, which is an early sign of bullish divergence. The 20-period SMA on the Bollinger Bands, currently at $0.00001050, is acting as immediate resistance. 

A confirmed breakout above this level could help target the key resistance at $0.00001190. If bullish momentum intensifies, the next significant target lies near $0.00001475. Conversely, the $0.00000957 support remains a critical level. A drop below this could trigger renewed selling pressure. 

Also read our Pepe Price Prediction 2025, 2026-2030 for a long-term overview!

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