PEPE Price Holds Support Despite Bearish Market Structure

Despite a 1.5% price jump over the past 24 hours, PEPE’s journey has been marked by a challenging market structure. Trading below a descending trendline on Binance’s 2-hour chart, PEPE currently sits at $0.0542. Notably, its intraday volatility has led to bouncing off support near $0.0415. Resistance remains near $0.0435, a zone that has capped upward movements in the past. However, growing demand on major exchanges like Binance suggests renewed interest and potential price stability if buyers continue entering the market.