PEPE price has returned to a familiar chart level where a previous rally began, and analysts are watching closely to see what comes next.
According to a post by TheBreakoutZone on X, the meme coin is now sitting inside a key demand zone on the 3-day chart. The same area previously marked the start of a strong vertical move earlier this year.
The analyst noted that the overall trend continues to trend downward, with a high-timeframe downtrending trendline acting as resistance. Pressure is mounting, however. If PEPE price holds at its current level of support and starts to form a base, the next move might aim for a zone between $0.000021 and $0.000023.
PEPE Price Returns to Key Demand Zone
PEPE is now trading inside a demand area between $0.00000800 and $0.00000950. This zone has been historically linked to strong buyer activity and was the foundation of the token’s last significant rally. The current reaction in this zone will be closely monitored by traders looking for confirmation of buyer strength.
The last time PEPE price entered this range, it moved rapidly toward $0.000017. The setup is structurally similar, but this time the token is also contending with a longer-term downtrend line that has capped multiple attempts at recovery since April.
PEPE Breakout Setup and Resistance Levels
The Pepe chart still shows the high-timeframe downtrend as intact. For a reversal to gain traction, price needs to hold above the demand zone, build higher lows, and eventually push through the descending resistance.
If these conditions are met, analysts are watching the $0.000021–$0.000023 zone as the next area of interest.
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TheBreakoutZone points to three specific conditions to confirm a breakout: a positive price reaction within the demand area, a clear break of the trendline, and rising volume. Without these signals, the setup remains unconfirmed.
Additionally, current trading volume shows limited momentum in either direction. That could change if volume increases during a reclaim of support or a clean breakout. A reaction with strong buying candles would be a key signal for trend shift potential.
The coming sessions may determine whether PEPE price repeats its previous move, or if the demand zone fails to hold.
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