Pepe Flashes Early Bearish Cross Warning as EMA Structure Weakens
$PEPE is entering a fragile phase on the 1-day chart as price continues to trade beneath both the 9-day and 20-day EMAs, signaling fading bullish momentum and a market struggling to establish upward traction. The MACD remains negative with no sign of a reversal forming, while the RSI sitting in the low-40s reflects weak buying pressure and a lack of conviction from bulls.
The key support cluster at $0.00000412–$0.00000403 remains the main barrier preventing a deeper decline. A clean break below this range — especially through the large bid wall sitting just beneath current levels — could trigger accelerated downside. To regain strength, PEPE would need to reclaim both EMAs, which would open the door to testing overhead resistance at $0.00000621 and higher levels.
Overall, the technical picture leans bearish in the short term, with liquidity concentration suggesting a volatile move may be approaching.
