PEPE’s Harsh Decline Before March 2025 $PEPE coin saw an aggressive downturn leading into March 2025, with prices consistently trending lower. Selling pressure, combined with fading speculative hype, pushed the token to retest major support levels near $0.00000587. This long correction phase weighed heavily on sentiment and forced out many short-term traders. PEPE/USD 1-day chart - TradingView A Slow Recovery Since March Since bottoming out in March, PEPE has shown signs of resilience. The daily chart highlights a gradual uptrend forming, with higher lows supporting the recovery. Price action is currently hovering around $0.00001044, while both the 50-day SMA ($0.00001153) and 200-day SMA ($0.00000996) are acting as key dynamic support and resistance levels. The RSI (42.37) suggests that PEPE is neither overbought nor oversold, keeping the door open for a decisive move in either direction. PEPE/USD 1-day chart - TradingView Bullish Scenarios: Eyeing Higher Levels If momentum continues to build, PEPE coin could break through immediate resistance and target higher levels: First bullish target: $0.000018 – $0.000020 Extended bullish target: $0.000026 – $0.000028 These levels align with previous consolidation zones and psychological price barriers, making them logical targets for the next wave of bullish movement. Bearish Risk: Testing Lower Supports On the flip side, if PEPE loses its current ascending support trendline, downside risks will emerge. A strong sell-off could send the coin back toward: Bearish target: $0.0000085 This would bring PEPE closer to its March support levels, potentially erasing much of the recovery gains. Outlook: A Crucial Crossroads PEPE coin is standing at a pivotal point. Its price is consolidating along a key trendline, and traders are watching whether bulls can push it beyond the moving averages. Sustained buying interest could trigger a strong rally toward $0.000018–$0.000020. However, any weakness might expose the coin to a pullback as deep as $0.0000085. For now, PEPE remains in a recovery phase, but the coming weeks will be critical in determining whether the meme coin’s next move is a breakout or another breakdown.