PEPE Struggles To Recover After a 57% Yearly Drop in a Shaky Market
Key Takeaways
- PEPE’s price trades within a falling wedge, but bears have restricted it from breaking out.
- The AO reading indicates bearish momentum as the memecoin keeps falling below support.
- PEPE’s price might keep consolidating around $0.000082 and risk a further decline.
- Interested in buying or selling PEPE COIN PEPE coin? Read our review of the best exchanges to buy and sell PEPE COIN PEPE.
Over the last 24 hours, Pepe (PEPE) has tried to shed its position as one of the worst-performing cryptocurrencies of 2025. At the beginning of the year, PEPE’s price was $0.000022.
Today, PEPE’s price hovers around $0.0000082, representing a 57% drop. This is also a rebound from a dip to $0.0000078 earlier.
While the recent uptrend might offer a glimmer of hope, key indicators suggest PEPE is yet to have a clear direction.
PEPE Battles to Halt Decline
PEPE’s price has gained 6.70% in the last 24 hours. On the 4-hour chart, this price action has triggered a falling wedge formation, which is a bullish reversal pattern.
However, analysis of the cryptocurrency of this timeframe shows that PEPE is not yet ready to break out. One reason for this position is the Bull Bear Power (BBP).
The BBP measures the strength of bulls (buyers) compared to bears (sellers). Bulls have the upper hand when the BBP reading is positive, and prices can increase.
However, in this instance, the BBP on the PEPE/USD chart is negative, indicating that buying pressure is not dominant.
Due to this position, the token might find it challenging to rise above the upper trendline of the wedge. If this is the case, then PEPE’s price might remain stuck within the falling channel.
PEPE Price Continues to Fall Below Support
Furthermore, like the 4-hour chart, the daily chart supports the above signs. As seen below, PEPE’s price has formed a rounding top pattern.
A rounding top candlestick pattern signals a potential end to an uptrend. The pattern forms a smooth, curved shape resembling an upside-down bowl, indicating increasing selling pressure and causing the price to flatten out.
In addition, PEPE’s price has fallen below the $0.000018 neckline, leading to a decline to the $0.000014 support level.
PEPE has also slipped below the $0.0000090 support as buying pressure remains weak. The Awesome Oscillator (AO) is another indicator suggesting the uptrend might not continue.
The AO measures momentum by analyzing historical and recent price movements. When the reading is positive, it indicates bullish momentum.
On the other hand, a negative reading implies a bearish momentum. As of this writing, it is the latter.
Should this remain the same, PEPE’s price might continue to trade sideways. However, if the selling pressure increases, the token’s value might decline to $0.0000065.
However, if the broader market conditions improve, PEPE might experience an increase in buying pressure, which could allow it to reclaim the $0.0000090.
If buying pressure intensifies, the token could rise toward the neckline at $0.000018.
