PEPE Holds Recovery Structure but Bearish Pennant Risks Drop

| crypto.news
PEPE price initially climbed about 45% in seven days, reaching roughly $0.00000534 before retreating. It remained above the key breakout zone near $0.0000044, preserving a bullish recovery structure. However, momentum weakened as the 14-day RSI fell from overbought levels and the MACD turned less supportive. Elevated futures open interest and liquidations also increased the risk of sharp leveraged moves. By September 30, PEPE price had recovered to about $0.00000433, up 1.64% intraday, but remained below its September high above $0.0000053. The token stayed above its 20-day Bollinger midpoint at $0.00000402, with an RSI of 57.96. Weekly indicators remained constructive, as PEPE traded above its 20-week and 50-week moving averages and maintained a positive weekly MACD histogram. However, it was still below the 100-week average at $0.00000805. Short-term risks have become clearer. A bearish pennant on the four-hour chart places $0.0000041 as the key support. A break below it could expose $0.0000030, while liquidation pressure is concentrated near $0.00000416. A move above $0.0000047 would weaken the bearish setup and could support a retest of $0.00000502-$0.00000536. Overall, PEPE price retains a bullish longer-term recovery structure, but traders face bearish volatility risk around $0.0000041.
Bearish
The immediate price outlook for PEPE is bearish because the token has retreated from its September high, short-term momentum has weakened, and a four-hour bearish pennant identifies $0.0000041 as a critical breakdown level. A daily or sustained move below this support could trigger liquidations near $0.00000416 and expose the $0.0000030 target, potentially amplifying the decline through leveraged selling. Liquidity between $0.00000444 and $0.00000452 may also increase volatility around breakouts. The longer-term picture is less negative. PEPE remains above its 20-day Bollinger midpoint and its 20-week and 50-week moving averages, while the weekly MACD histogram is positive. Holding $0.0000041, followed by a break above $0.0000047, could invalidate the bearish setup and encourage a retest of $0.00000502-$0.00000536. However, mixed momentum indicators, high derivatives activity, and limited evidence that the recent golden cross will produce sustained gains make downside risk more prominent for short-term traders.