$PePe /USDC is moving quietly but the structure is doing more than it looks at first glance.
On the 15m chart, price dipped to the 0.00000394 area and buyers defended it cleanly. That level acted like a local demand pocket. From there, PEPE pushed back above the short MAs and is now hovering around 0.00000403, right where MA7 and MA25 are clustering. This kind of tight compression usually comes before a directional move.
The upside pressure is still capped near 0.00000414, which rejected price earlier. A clean hold above 0.00000406–0.00000408 would open the door for another attempt at that high. Volume hasn’t exploded yet, which suggests this move is still being built rather than finished.
On the downside, 0.00000397–0.00000394 remains the key level. As long as price stays above that zone, dips look corrective rather than bearish. A loss of that range would invalidate the short-term recovery and shift momentum back to sellers.
Right now this is a patience trade. PEPE is coiling, not chasing. The next breakout or breakdown will likely come fast once volume steps in.
