• PEPE was stable around the support of $0.0000054035 and the price fell in a narrow range of 24 hours although it was down by 0.8%.
• Relative performance was also recorded in favor of BTC and ETH with PEPE registering 0.6 percent and 0.9 percent growth respectively.
• The daily chart indicates that a corrective structure has been fulfilled, and the attention has changed to the initial areas of price development based on impulsiveness.
  

The token PEPE  was selling at $0.000005412, indicating a drop of 0.8 per cent, and the token was in a distinct support zone. Price action was nevertheless confined in a small range, nevertheless, with slight pressure in a downward direction. It is worth noting that PEPE was trading above its important intraday low indicating that selling momentum has decelerated. Consequently, chart structural developments have acquired market interest as opposed to short-term volatility.

Price Holds Near Support as Volatility Compresses

The last 24-hours have PEPE at $0.0000054035 in support and at $0.0000054164 in opposition. It should be noted that the token was also underperforming as compared to both Bitcoin and Ethereum.

PEPE rose by 0.6 and 0.82 each against BTC and ETH respectively, at 0.0104685 and 0.081382. With volatility becoming tighter, this stability brought a better technical structure. As a result, traders started to pay attention to pattern completion and not the expansion of the price immediately.

PEPE Completes Corrective Cycle as Market Eyes Early Wave 3 Launch Zone

From a structural standpoint, PEPE appears to have completed wave 5 of c of wave 2 on the daily chart. As this formation concluded, prices consolidated instead of accelerating lower. Moreover, the absence of lower lows reinforced the stabilization narrative. With the corrective cycle exhausted, the chart now shifts attention toward early impulsive structure development.

Following stabilization, PEPE now trades near the projected launch area for wave i of wave 1 of wave 3. However, confirmation depends on sustained movement above the immediate resistance band. Until then, price remains technically balanced between accumulation and continuation zones. Importantly, the narrow trading range highlights reduced forced selling. As momentum attempts to rebuild, price behavior near current levels will determine structural follow-through. Therefore, the market now watches continuation patterns rather than volatility spikes.

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