|

PEPE price action is underpinned, but the upside breakout still looks thin

  • PEPE price should trade sideways for now as price action points to consensus.
  • On Sunday, the new altcoin on the block posted a 12% jump.
  • The bullish undertone from its first few trading days looks to be fading in search of support. 

PEPE price is heading sideways to lower as the newcomer among the altcoin family has enjoyed its first minutes of fame and is now fading into the background. In its first few days, it even surpassed BNB’s 24-hour trading volume and surged 12% in one move on Sunday. With that move nearly fully unwound on Monday, it appears that the newcomer is losing its glow little by little.

PEPE price at risk as the honeymoon is coming to an end

PEPE price action is taking a step back on Monday after surging on Sunday and being the talk of the town in Cryptoland. As quickly as its star rose,  it began falling this Monday as those gains from Sunday are all but erased. 

PEPE needs to hold that line in the sand at $0.0014700, which has acted as a significant technical level that was pivotal on May 13 and has been supportive already on two occasions since then. With the red descending trendline nearing, expect to see some pressure mounting on that level with a break lower heading to $0.0012000.

PEPE/USD  4H-chart    

PEPE/USD  4H-chart    

With the Relative Strength Index (RSI) heading higher toward a middle ground, it appears that some buying is still ongoing, however, and a switch in power could still be at hand. That means that bulls are starting to take control and might head for a break of the red descending trendline. That would mean that $0.0018000 is up for grabs with $0.0020000 as the next price target ahead.

Author

Filip Lagaart

Filip Lagaart is a former sales/trader with over 15 years of financial markets expertise under its belt.

More from Filip Lagaart
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.

Bitcoin consolidates as downside risks persist

Bitcoin has made only three wave rallies from the November lows, which is one of the most important indications that more weakness may still lie ahead.

Polkadot's (DOT) dips, with token underperforming wider crypto markets

DOT $1.8269 fell 2% to $1.84 over the last 24 hours. Trading volumes were 7.8% above the seven-day moving average at 7.76 million tokens, according to CoinDesk Research's technical analysis model.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.