Is Investing $2,000 in PEPE Worth It? Chart Analysis Shows Potential Breakout or Another Pullback

PEPE’s price action has been marked by a downward trend since late 2024. This trend is being tested as the meme coin struggles to break through its descending resistance trendline, with each attempt leading to new lower highs. The current price sits around $0.00000735-$0.00000750. Despite this, recent signs suggest buyers are regaining confidence, and if PEPE can surpass the $0.00000800 resistance with strong trading volume, this bullish setup may be sustained, potentially leading to a breakout. However, failure to do so could trigger another pullback towards the crucial support zone around $0.00000600-$0.00000650.