![\"Pepe](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/DEXTools.io_PEPE_USD-UNI_2025-01-20_07-31-12.png\")
<\/p>\nThe Pepe price has dropped 15% in the last 24 hours to trade at $0.000001565 as of 12:30 a.m. EST on a 176% pump in trading volume to $4.1 billion.<\/p>\n
The daily chart illustrates PEPE\/USD transitioning through distinct phases: a prolonged bearish trend, a bullish breakout, and consolidation near critical support levels. Between July and early October, the price followed a persistent downtrend within a well-defined bearish channel characterized by lower highs and lower lows. During this period, the price tested a major support level at $0.00000050 multiple times, which acted as a strong floor.<\/p>\n
The breakout occurred in late October when the price surged past the upper boundary of the bearish channel near $0.00000110. This breakout was accompanied by heightened trading volume, signaling renewed buyer interest and a potential trend reversal. Following the breakout, the price rallied sharply, reaching a local high before encountering resistance and entering a consolidation phase.<\/p>\n
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PEPEUSD Analysis Source: Dextools.io<\/p>\n
The Pepe price is above a key support zone of around $0.00000150, which aligns with the previous consolidation levels in late November. This area has emerged as a critical level, as a breakdown here could lead to significant downside risks. The 50-day Simple Moving Average (SMA), positioned at $0.00000205, acts as a dynamic resistance level, and a successful reclaim of this level as support could mark the beginning of another bullish wave.<\/p>\n
The technical indicators present mixed signals as the Moving Average Convergence Divergence (MACD) is in negative territory, with the signal line below zero, reflecting bearish momentum. However, the histogram does suggest weakening selling pressure. Meanwhile, the RSI stands at 39.88, indicating that the asset is nearing oversold territory, which could allow buyers to step in and push the price higher.<\/p>\n
Bullish sentiment for the meme coin depends heavily on how the PEPE price interacts with the support zone and whether buyers can regain control to shift the momentum back into bullish territory. If the price holds above the $0.00000150 support zone and the RSI rebounds, it could trigger a move toward the 50-day SMA at $0.00000205, with further upside potential toward $0.00000250.<\/p>\n
On the other hand, a failure to maintain support at $0.00000150 may result in a decline toward the major support level around $0.00000110 or even lower.<\/p>\n
As the Pepe price surges in a fresh bullish rally, investors are also rushing to buy new Pepe rival Wall Street Pepe (WEPE)<\/a> as its presale blasts past $53.1 million in funding, with just over 27 days remaining until its ICO concludes.<\/p>\n This Pepe the Frog-themed token has shattered funding milestones at a record pace, positioning itself as one of the most promising presales of 2025.<\/p>\n Ran into a fellow Wepe holder. Instant vibe check: passed.<\/p>\n 28 days until presale ends. 🐸 ⚔️ pic.twitter.com\/DFYZ5ZaEpN<\/a><\/p>\n — Wall Street Pepe (@WEPEToken) January 19, 2025<\/a><\/p><\/blockquote>\n\n