PEPE Price Eyes $0.00000630 and Higher as Bullish Momentum Grows Above Midline

Key Insights:

• PEPE price aims for $0.00000630 as bullish momentum rises above the key channel midline.
• The token faces resistance at $0.0000051–$0.0000053, limiting immediate upward movement potential.
• The token faces a decline in open interest and trading volume, signaling cooling market enthusiasm.

PEPE price is currently holding above the midline of its descending channel, with bullish momentum building. The token has been in an extended period of consolidation, and this stability could signal a breakout.

PEPE Shows Promise as It Holds Above the Midline

PEPE’s price has remained above the midline of its descending channel on the 3-day timeframe. According to Jonathan Carter, this position suggests that the token may be preparing for a possible rally as the token shows signs of recovery after a period of low volatility.

With strong support above the midline, the next targets for the token’s price are seen at $0.00000630, $0.00000850, $0.00001480, and even $0.00002600. A bounce from this midline could push PEPE towards these levels. The ongoing market conditions support this, as the token has managed to maintain its position despite previous market pressures.

Resistance Near $0.0000051 and the Potential for Decline

Despite PEPE’s recent strength, resistance near the $0.0000051 to $0.0000053 region has been an obstacle. This area has proven challenging, with the price failing to move beyond it. 

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“Repeated rejection near this level has created strong overhead supply,” analyst ChiefraT stated. If the token continues to face rejection, there is a risk of price drifting lower.

The price is currently under pressure, and if this weakness persists, PEPE might test lower levels. The demand zone around $0.0000041 to $0.0000040 could become a crucial support area if the downward trend continues. This zone may be where the token could establish a new base, potentially leading to a price rebound.

Market Activity and Investor Sentiment

As of the time of writing, the token price sits at $0.000005, reflecting a decline of 4.22% in the past 24 hours. However, the Open interest in the token has also decreased, showing a cooling in investor activity, standing at $327.12 million. The drop in both price and open interest signals a decline in market enthusiasm.

This slowdown follows a period of high volatility and indicates that PEPE’s once-booming market interest may have cooled. Despite these challenges, the token still maintains a relatively high level of trading volume, with over $480 million in the last 24 hours. The token continues to be actively traded, but the market sentiment has shifted, with fewer investors engaging in speculation.

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Pepe

Olivia Stephanie

30 January 2026, 05:42:29 GMT +0000

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