Pepe Coin at a Crucial Crossroads After a strong surge earlier this month, Pepe Coin ($PEPE) has pulled back and is now consolidating just above a key support zone at $0.00001230. The price is currently hovering around $0.00001259, while the 9 and 21 EMAs sit above it — suggesting downward pressure is still in play. PEPE/USD 4-hours chart - TradingView The Relative Strength Index (RSI) at 46.12 reflects indecision, but not yet oversold conditions. As shown on the 4h chart, PEPE is attempting to stabilize after forming a local bottom, giving bulls some hope for a reversal. Bullish Scenario: PEPE Coin Rally Toward $0.00001500 If PEPE holds the $0.00001230 support and breaks above the 21 EMA, it could signal a potential breakout toward $0.00001391, and eventually $0.00001500 — the next major resistance and psychological barrier. Momentum could pick up quickly if broader crypto market sentiment improves, especially if Bitcoin regains strength. A successful retest followed by a bounce may reignite trader confidence and lead to a new short-term rally. Bearish Scenario: PEPE Price Breakdown Toward $0.00001000? However, failure to hold above the orange line at $0.00001230 would expose PEPE to further downside. The next support lies around $0.00001183, followed by $0.00001064, and worst case, $0.00001000 — a major psychological level for holders. The red path on the chart shows a potential breakdown pattern, especially if Bitcoin dips or meme coin sentiment fades. In that case, PEPE may revisit its early-July levels. PEPE Price Prediction: What Will Happen to PEPE Coin? Pepe Coin is currently at a pivotal level. If bulls reclaim momentum and the market stays supportive, $PEPE could bounce back quickly. But traders should stay alert: a breakdown below $0.00001230 may trigger a deeper selloff. PEPE/USD 4-hours chart - TradingView 📊 Watch PEPE’s live price chart and predictions