PEPE Consolidates Its Bottom While Trading Firmly Within a Long-Term Ascending Channel

PEPE trades at $0.00001124 while consolidating its bottom inside a long-term ascending channel.

Market cap stands at $4.73B with 477,530 holders and full 420.68T token supply in circulation.

RSI near 47 and weakening bearish MACD signal balanced conditions with room for upward momentum.

PEPE continues to show resilience as it trades firmly within a long-term ascending channel that has guided its price since mid-2023. The token is consolidating its bottom while maintaining higher lows, and analysts suggest the current market structure provides a favorable setup for continued upward progression.

PEPE Price Consolidation Within Ascending Channel

CW8900, a crypto analyst, reported that PEPE is consolidating its bottom within the established ascending channel. The structure shows clear support along the lower boundary, while the dotted midline acts as repeated resistance during price retracements. The upper channel line remains a potential target for the next cycle top.

The chart records PEPE trading at $0.00001124 after a 3.09% daily increase, with market capitalization reaching $4.73 billion. Trading volume reached $397.3 million in the past day, although this marked a 40.46% decline from the previous session. Despite reduced activity, the channel structure has held steady, maintaining consistent upward direction.

Source: Chandler(X)

Throughout 2025, price action has remained aligned within the channel, oscillating between support and resistance. According to an observation by Chandler, three symmetrical triangle patterns since 2023 have each resulted in strong breakouts, reinforcing the longer-term channel trend. Current trading near $0.000011032 suggests PEPE is in another consolidation phase.

On-Chain Activity and Technical Indicators

PEPE has a total supply of 420.68 trillion tokens, with all tokens in circulation across 477,530 holders. Market data confirms wide distribution, while liquidity levels remain healthy, as shown by the ratio of daily volume to market capitalization at 8.4%.

Momentum indicators suggest balanced conditions. RSI readings remain neutral around 47, providing room for upward movement, while the Stochastic oscillator indicates potential recovery. The MACD remains in negative territory but shows weakening bearish momentum, with analysts watching for a bullish crossover.

Analysts project the top of this cycle could occur at the upper boundary of the channel. This projection is supported by past movements where consolidation within the channel eventually produced upward rallies. As CW8900 noted, “now seems like a good time to buy” while the token trades near its bottom range.

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