- PEPE is above the support of $0.000054008 and is still declining by 4.3% per day which confirms that PEPE is price stable in the short term.
- RSI remained close to 47, and MACD was at flat, which means that there was neutral momentum and ongoing consolidation.
- Price was kept under the resistance zone of less than 0.00005446 and kept PEPE confined within a definite range of intraday.
On February 1, PEPE still traded under controlled circumstances since price action did not exceed known technical limits. Short-term structure was not broken by the pullback, yet the token was above a major intraday support. Binance data indicate that volatility remained contained and technical indicators can be used to inform short-term expectations.
Key Levels Shape Current Price Action
It is worth noting that PEPE has offered resistance at the support level of the $0.000054008, which was able to accommodate selling pressure in the recent declines. Price momentarily explored this area and stabilized.
The trading band was so thin that it restricted the price movement. Moreover, PEPE was trading at 0.0105442 BTC with a 1.8 per cent movement whereas the ETH pair was 0.081769 ETH with 6.2 per cent movement. These were pair movements that were relatively stable across the markets.
Momentum Indicators Reflect Neutral Market Conditions
Turning to the chart, the Relative Strength Index hovered near 47, placing PEPE in neutral territory. However, short-lived dips toward 35 highlighted brief oversold conditions. These moves failed to extend, reinforcing consolidation.
Source:
TradingView
Meanwhile, the MACD lines remained close, with histogram bars fluctuating around zero. This behavior pointed to fading momentum rather than trend continuation. Earlier volume spikes weakened as the session progressed, further confirming reduced directional strength.
Key Price Levels Remain in Focus as Volume Stays Light
Should buyers persist with the defense of $0.000054008, PEPE might also make an additional attempt to move to $0.00005446 during the session. An intraday excursion of the price to above resistance may reach as high as $0.00005470. Nevertheless, when the selling pressure is on the rise, any breakdown below the support can reveal the next level down at $0.00005380.
It is important to note that the two outcomes rely on the fresh volume growth in the existing structure. PEPE remained confined within a defined range, as support and resistance guided price behavior. Neutral momentum and fading volume kept short-term trading activity focused on established intraday levels.
