Over the past week, PEPE has shown a bearish performance. After starting around $0.00001081, it briefly spiked to about $0.0000115 before reversing and steadily declining. As of this writing, PEPE is trading at $0.000009730, down 0.26% over the past 24 hours. The token’s market capitalization sits at $4.09 billion. Source: Coinmarketcap PEPE Forms Bullish Setup With $0.000099 Target in Sight According to Bitcoinsensus on X , the weekly chart for PEPE shows a bullish setup, projecting a potential surge toward the upper resistance target of $0.000099. The price action previously formed a broadening wedge pattern, with the first major wave delivering gains of over 1,100%. The chart suggests a second bullish wave could extend by approximately 1,200%, aligning with the ”Cycle Highs Zone” marked near $0.000099. If this projection holds, PEPE may experience significant upward momentum, with strong cyclical patterns indicating potential for another breakout rally. Source: X PEPE Nears Key Support Amid Bearish Signals Looking at the daily PEPE price shows a clear bearish move with price testing the lower range of recent candles. The immediate support lies around $0.00000934 – $0.00000930, which acted as the intraday low, while the nearest resistance is at $0.00001041 – $0.00001047, the area of today’s high and previous breakdown level. A break below the support could open room to lower lows, while reclaiming the resistance would signal a potential bounce. Source: TradingView The relative strength index (RSI) is at 40.31, indicating rising bearish momentum but not yet fully oversold. Meanwhile, the MACD (Moving Average Convergence Divergence) shows the blue line crossing below the signal (orange) with red histogram bars increasing — a clear bearish crossover. Together, these indicators support the view that downward pressure is currently stronger than buying interest, although oversold conditions could later trigger a relief bounce.