Is PEPE Preparing for Another Leg Down? Analysts Point to Fresh Bearish Signals

Analysts observed a completed head-and-shoulders pattern on the weekly chart, placing strong attention on PEPE price movements below the neckline.

Major resistance and support blocks on the 1H timeframe reveal repeated rejections and renewed pressure as PEPE approaches the lower boundary of the range.

Oversold conditions appeared on the 1D chart while the downtrend continued, with supply and demand zones shaping near-term expectations for PEPE price action.

PEPE price action continues to attract attention as traders assess weakening structure across multiple timeframes. The market sits near critical support zones, while analysts point to patterns that may shape the next move.

PEPE Technical Pressure Builds on Higher Timeframes

PEPE price analysis shows a weekly view suggesting a completed head-and-shoulders formation. The pattern shows a defined left shoulder, head, and right shoulder, with price moving below a horizontal neckline

The analyst noted that candles after the breakdown carried strong selling pressure, showing bears in control of the trend.Following this breakdown, projections on the chart point toward Fibonacci extension levels.

Source: Ali on X

These levels sit beneath the neckline and reflect zones where traders may watch for reactions if momentum extends lower. According to the chart, a retest of the neckline around the 0.6e-5 area could occur before another downward move.

The weekly structure, as presented in the tweet, reflects a market shifting away from previous stability. The narrative suggests that unless buyers recover the neckline, the broader trend may continue into deeper territory into early 2026.

Support Blocks Come Into Focus as PEPE Tests Key Regions

Another analyst offered another perspective,where he noted that price is nearing a major support block during a weekly close. The analyst stated that weakness in this region could create further difficulties for the trend if buyers fail to hold their ground.The chart includes three major zones between 0.00001293 and 0.00001713 and has repeatedly rejected the price.

Source: Berke Oktay Via X

Each move into that region produced extended downward swings, showing strong selling activity and a lack of sustained upward interest.Below, the burgundy support zone between 0.00000400 and 0.00000492 has served as a midpoint in the structure

Price is now approaching the base of this area again. Further down, a blue support region near 0.00000154–0.00000189 remains the next potential target if the current block fails.

Downtrend Structure Persists as Oversold Conditions Appear

A separate update from @PepeEthWhale referenced the 1D timeframe, noting that indicators show the price in an oversold area. Each attempt to break 0.00000540–0.00000600 areas has been met with new selling pressure.

Price is currently inside a green demand block near 0.00000495–0.00000505. If this zone holds, a brief move toward the nearest resistance is possible. However, losing this area may send the market toward deeper levels identified earlier by other analysts.

The post Is PEPE Preparing for Another Leg Down? Analysts Point to Fresh Bearish Signals appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.