The recent trend of PEPE is quite interesting - the price couldn't hold its ground before the hurdle of $0.00000405 and instead fell into a cycle of fluctuations. It dropped from a recent high to around $0.0000039, a decline of about 3%, which indicates that selling pressure is making a strong push. As of now, PEPE is quoted at $0.000003954, down 1.59% in the last 24 hours.

However, from a technical perspective, some interesting signals have appeared here. On the 3-day candlestick chart, the price is currently testing the lower boundary of the descending channel around 0.00000399 USD, which coincides with an important support range (approximately between 0.00000330 and 0.00000440 USD). Interestingly, this support level has been defended multiple times before, with rebounds occurring each time the price falls to this level. This indicates that the bulls are continuously stepping in at these price levels, and the repeated defense at this level is also quite evident—this kind of "absorption" action is often a precursor to a reversal.

From a technical perspective, as the price consolidates near the support level, the upward momentum is quietly accumulating. If PEPE can hold above $0.00000399 and break out of the descending channel, the chart suggests that there could be a stronger surge, targeting the upper boundary of the channel and the higher resistance level of $0.00000200. This is a typical "support level under pressure accumulation" pattern—once it breaks through, it often leads to a good market movement.