At the time of writing, the leading digital asset trades at $89K, briefly reclaiming $90,000 but unable to maintain prices above it.
By Parth Dubey
Editor Yana Khlebnikova
Updated
3 mins read
Meme coin Pepe (PEPE) is locked in a downtrend and as per analysts, the situation could get worse if Bitcoin continues to lose important key levels, like the $90K price tag.
At the time of writing, PEPE trades at $0.000005136, up more than 1% in the past 24 hours and 30% in the past month. CoinMarketCap data shows a 42% increase in volume as well.
Pepe (PEPE) is nearing a critical technical zone, with price tightening inside a multi-month descending wedge. The coming days could determine whether the meme coin breaks higher or continues its slide.
On the weekly timeframe, PEPE is trading near 0.0000051, just above a strong demand zone between 0.0000048 and 0.0000045. This area has acted as reliable support in recent months and is once again being tested.
If buyers step in and push price above the descending trendline, the next key target sits at 0.0000070, with a potential extension toward 0.0000100 if momentum builds.
Source: TradingView
On the downside, a confirmed break below support could open the door for a deeper move toward the 0.0000038 level.
With price sitting at a make-or-break point, the next move could set the tone for PEPE’s short-term trend.
Based on the analysis provided by “davie satoshi” on X, PEPE is on the verge of a massive uptrend once the broader market, including Bitcoin, turns bullish.
“Whatever happens, $PEPE will rebound and begin its march back up,” they said.
Rapid Fire Charts: $PEPE
With bitcoin dropping, all meme coins are going to get hurt. $PEPE will likely drop a lot more if bitcoin falls to $85k and even more if it drops to $75k.
Whatever happens, $PEPE will rebound and begin its march back up. GREEN route suggests a fast… pic.twitter.com/axuayJYeeQ
— davie satoshi (@NFTdavie) January 21, 2026
Based on the analyst’s claims, currently PEPE is underpriced when compared to other tokens and the “opportunity to buy the dip” is already here.
As traders wait for PEPE to make a move, whale money is moving into artificial intelligence tokens with massive utility.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
