- PEPE trades near $0.054673, declining 5.2% over the past seven days while holding above the $0.054448 support.
- The chart shows a compressed structure between support and resistance at $0.05474, forming a narrow trading range.
- A green upward projection appears on the chart, visually extending from the support zone toward higher levels.
PEPE traded near $0.054673 during the week as the market continued to move along a tight structure marked by repeated tests of lower levels. The price recorded a 5.2% decline over the past seven days, yet it remained above the stated support at $0.054448. The chart displayed a clear horizontal base, which aligned with the current market position.
It also featured a sharp upward projection drawn in green, which extended from the lower boundary to a higher price area. That drawing shaped much of the current discussion, although the chart itself only showed the drawing rather than any confirmed move. This visual element provided the framework for the latest analysis, and it set the starting point for understanding the present technical picture.
Price Trades Near Support as Market Tracks Lower Range
The market hovered close to the support band, which remained one of the most important levels in the current structure. This level held near $0.054448, and it matched the lower horizontal boundary on the chart. Price behavior stayed compressed above this line, and that compression defined the short-term structure. The 24-hour range also stayed narrow, with resistance marked at $0.05474, which created a tight ceiling above the current price.
Seven-Day Pullback Drives Price Into Support Cluster as Structure Tightens
Notably, the market’s seven-day decline placed additional focus on the lower region of the chart. The candles approached the support zone repeatedly, and these repeated approaches created a cluster that shaped the short-term behavior. This cluster connected directly to the layout of the chart, especially the lower band where the horizontal zone remained clearly drawn.This upward drawing displayed a long move from the lower boundary to the upper portion of the chart.
Technical Context Remains Defined by Clear Boundaries
The market’s current structure stayed centered between the support at $0.054448 and the resistance at $0.05474. This narrow range shaped the latest activity and framed the upward projection that appeared on the chart. Additionally, the asset recorded 0.0105141 BTC and 0.081559 ETH in comparative values, which added numerical reference points for the week. These figures connected back to the broader structure because they helped outline the asset’s position relative to major pairs.
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