PEPE Price Poised for Major Reversal at Key Support Zone

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PEPE Price Poised for Major Reversal at Key Support Zone

PEPE price saw a sharp sell-off, dropping from around the $0.0000058 area to near $0.000052, signaling strong bearish pressure and a clear breakdown from its prior range. After the steep decline, the price attempted a modest bounce but remained weak, showing consolidation at lower levels rather than a strong recovery. Overall momentum stays bearish, with PEPE needing a reclaim of the $0.0000055–$0.0000056 zone to shift short-term sentiment.

As of this writing, at around $0.00000520, down 10.1% over the past 24 hours.

Pepe Price Shows Bullish Reversal Signals at Key Support Zone

According to recent by analyst “STEPH IS CRYPTO,” shows a monthly . The candlestick chart illustrates a recent pullback from a high, reaching a local support level around $0.0000057. The highlighted area indicates a potential reversal point, suggesting that the downtrend may be ending and a bullish recovery could follow.

The green arrow signals the analysts expectation of upward price movement from this support level. Historically, the asset experienced rapid growth earlier in 2024 and early 2026, followed by a period of consolidation and downward corrections, making this support zone a key area to watch for potential buying pressure.

The Stochastic RSI at the bottom of the chart reinforces this bullish outlook. Both the %K (blue) and %D (orange) lines are in the oversold region below 20, and the chart shows a projected upward turn, indicating that momentum is likely shifting from bearish to bullish. When the Stoch-RSI exits the oversold territory, it typically signals a higher probability of a price increase, aligning with the green arrow on the price chart. Overall, the analyst interprets the combination of strong support and oversold momentum as a potential long-term buying opportunity for Pepe.

PEPE Breakout Signals Potential 600% Upside, Analyst Says

According to analyst LongTerm®, Pepe on a weekly timeframe a recent breakout from a prolonged downtrend. The price had been declining steadily, forming lower highs since late 2024, but it recently tested a key support zone around $0.0000051. This retest appears healthy, indicating that the market is consolidating and absorbing selling pressure before potentially moving higher. The downward trendline has been breached, signaling that the bearish momentum may be waning.

According to the analyst, this setup points to a possible continuation of the upward trend, with a projected move of over 600% if momentum sustains. The chart highlights the breakout area and the target zone, suggesting that early movers like PEPE could see significant gains in the next leg up. This aligns with LongTerm®s strategy of identifying assets that have completed corrective phases and are poised for strong recovery.