PEPE/USDT 4-hour chart. Source: TradingView
Immediate upside targets lie at the 50-period exponential moving average (EMA) currently sitting around $0.00002165, followed by the 200-period EMA at $0.00002070. These levels are key resistance zones that PEPE needs to break through to confirm a sustained recovery.
The RSI is still oversold at 20.11, indicating that the bearish momentum may extend too much and supporting the possibility of a correctional pullback. However, trading volumes during the recovery period remain low, raising concerns about the strength of the recovery.
Failure to recover the EMA could result in another leg downside with major support levels at $0.00001716 and $0.00001411 (0.786 Fib level).
PEPE/USD weekly price chart analysis — further decline in 2025
PEPE is pulling back after reaching the upper trendline of an ascending wedge pattern on the weekly chart. The bearish structure increases the chance of a fall towards the $0.00001418 to $0.00001097 support zone. This range coincides with the Fibonacci retracement level of 0.5 to 0.618 and the 50-week exponential moving average (EMA), which is currently near $0.00001048.
