PEPE coin has been struggling to maintain its popularity in recent months, but a recent technical analysis suggests a key support level could determine its next price move. Crypto analyst Lars Koostra noted on X that the coin is currently responding to a buying zone, indicating potential for a bounce or further decline.
PEPE Holds Demand, But The TCT Model Still Warns Of Distribution
The analysis relies on a TCT model that, according to analyst Lars Koostra, is now proven accurate. The key question now is whether the current price can hold, or if the token is likely to fall further, potentially returning to its recent low price range.
PEPE is currently trading around $0.00000400. According to technical analysis, the price is holding above a key support level, which is the only thing stopping a further price drop. This support area is crucial; if it breaks, the price is likely to continue falling as predicted by the TCT model.
According to the TCT model, the meme coin is showing signs that its price may be dropping, particularly near its recent high. The price briefly entered a zone where more sellers exist in late April, but couldn’t sustain a move higher, suggesting there isn’t enough buying interest to support the current price.
Just because PEPE has recently gone up in price doesn’t mean our negative outlook is wrong. It simply means the expected downturn will happen later, unless PEPE shows strong gains and breaks through current resistance levels, or falls below its current support level. Currently, PEPE is up 4.8% over the last 24 hours and 5.5% over the past week.
Extreme Supply Could Decide Whether The Bounce Has Real Strength
As I’ve been analyzing PEPE’s chart, I’m seeing a potential for it to rise further, possibly reaching a zone of significant selling pressure. This resistance appears to be between $0.000004130 and $0.000004200, and I anticipate a price reversal if it reaches that level.
The next key challenge for this meme coin is how it performs when it reaches an area with a very high concentration of existing supply. If it doesn’t react strongly, it would reinforce the expectation that the price will fall, potentially hitting a low of around $0.0000037. The analyst explained that they’d want to see solid evidence of a price recovery before considering buying more, and would only add to their position with strong confirmation signals.
As an analyst, I’m watching PEPE closely. Right now, it’s trading around $0.000004268. While it’s shown a good recovery over the last month – up over 26% – it’s still down 47% year-over-year, which presents a bit of a mixed signal. If we see a solid break above current resistance levels, that would suggest the recent selling pressure is easing and we might be looking at a more substantial uptrend. Until then, it’s hard to say for sure if this is a lasting recovery or just a temporary bounce.
PEPE is showing some signs of recovery, with a recent monthly increase in trading activity. However, the overall trend still indicates a significant drop from its previous highs. According to one analysis, the token might need a larger influx of liquidity before it can experience a substantial and lasting price increase.
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2026-05-07 03:27