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Pepe (PEPE) Tests Support at $0.0000035 as Meme Coin Season Stalls
Pepe is trading near $0.0000035 after a 4.7% decline, reflecting the broader consolidation in meme coins . The frog-themed token recently led an altcoin upswing alongside Solana and Chainlink when Bitcoin reclaimed $74,000, demonstrating its sensitivity to risk-on sentiment .
Technical indicators show weakness—RSI sits at 41 with a death cross between the 50-day and 200-day moving averages . If support at $0.00000345 fails, a drop toward $0.00000310 could accelerate . Analysts suggest a potential 100% rally to $0.0000072 if buyers defend current levels, though liquidity remains fragile as major holders reduce positions . Broader altcoin recovery likely depends on Bitcoin sustaining its upward momentum .