PEPE remains bearish, forming lower highs with sustained selling pressure.
TD Sequential signals possible rebound, but confirmation still depends on volume.
Indicators show weak momentum, with price stuck in a tight consolidation range.
PepeCoin — PEPE, keeps traders on edge as price action sends mixed signals. Sellers dominate the market, yet small rebound signs spark cautious optimism. Price swings remain tight, showing hesitation across both sides. Momentum looks weak, and confidence feels fragile. Still, some indicators hint at a possible shift. The question now centers on whether buyers can step in before bears push prices even lower.
#PEPE Descending Triangle Support Test🔥
The token is facing the lower boundary of the descending triangle pattern on the daily chart🔍
Institutional players appear to be accumulating at this zone, with volume rising🧐
A bounce off support could trigger upward movement toward… pic.twitter.com/HFXMgajfNr
— Jonathan Carter (@JohncyCrypto) March 31, 2026
At the time of writing, PEPE trades near $0.000003319 after a 4.17% drop. Price moved within a narrow range before sellers took control. A brief climb pushed value near $0.0000350, but resistance held firm. Bears quickly regained strength and forced a drop toward $0.0000330. Selling pressure did not stop there. Price dipped further and tested the $0.0000326 level. Buyers stepped in and lifted the value back near $0.0000332. Despite that bounce, the overall structure remains weak. Lower highs continue to form, showing clear bearish control.
On the weekly chart, a steady downtrend continues since late February. Price dropped from around $0.0000070 toward the $0.0000034 zone. Most candles reflect strong selling, with only brief pauses. Recent candles show smaller bodies, hinting at reduced volatility. This shift may signal seller exhaustion. The TD Sequential indicator now prints a “9” buy signal. Such signals often appear near trend exhaustion points. Analysts view this as an early sign of a possible rebound.
Ali Martinez highlights this setup as a potential turning point. A short-term rally could follow if buyers gain confidence. A move toward $0.0000050 stands as a realistic target. That level previously acted as support before a breakdown occurred. However, confirmation remains essential. Strong volume and follow-through must support any upward move. Without that strength, price may stay stuck in a tight range. Consolidation between $0.0000030 and $0.0000035 remains likely in the near term.
On the daily chart, PEPE trades near $0.00000332 and maintains a bearish structure. Price recently fell from a local high near $0.00000600. Sellers stepped in and pushed value back toward key support. Current movement shows tight consolidation between $0.00000309 and $0.00000343. This narrow range reflects market indecision.
Neither buyers nor sellers show strong conviction right now. Technical indicators support this cautious outlook. Bollinger Bands show prices hovering near the lower band. This position signals continued selling pressure. The middle band near $0.00000343 acts as immediate resistance. The RSI sits around 44, below the neutral level.
This reading points to weak buying strength. Sideways movement in RSI suggests a lack of momentum for reversal. For now, bears hold control. Any recovery attempt needs stronger demand and volume. Until then, downside risk remains present, and caution stays necessary.