Pepe's market structure has been under bearish territory on the short-term scale, but sentiment is turning positive for meme coins.
Pepe faced a significant loss but managed to stay above $0.00008 and has since been struggling to recover, with low volatility and buying pressure.
Bulls are slowly regaining strength, with a potential for a significant increase in price if a strong commitment is shown, aiming to reclaim previous monthly highs.
Key resistance levels for Pepe include $0.0000116, $0.0000136, and $0.0000163, while key support levels are at $0.0000083, $0.0000076, and $0.000006. Current spot price is $0.00001 with a bearish trend and low volatility.