PEPE Price News: After an 80% Surge, Entering a Correction Phase — Full Analysis of Key Support and Resistance Levels

After a rapid surge at the beginning of the New Year, PEPE is entering a high-volatility correction phase. As of the latest data, PEPE has slightly decreased by about 0.6% within 24 hours, briefly falling to $0.00000588 during the session, showing significant fluctuations from the previous high. This correction occurred after a short-term sharp increase, and the market is reassessing the rhythm and risks of Meme coins.

Looking back at the trend, PEPE rose over 80% from January 1 to January 4, 2026, becoming one of the most prominent assets in the Meme coin sector. However, since January 5, the upward momentum has noticeably slowed, with a current retracement close to 18%. During the same period, the overall enthusiasm for Meme coins cooled down, with DOGE dropping more than 7% in a week, while Bitcoin remains sideways around $90,000, and the overall market risk appetite has become more cautious.

From a technical perspective, PEPE faces significant selling pressure in the $0.0000062 to $0.0000072 range. This zone has repeatedly formed a supply concentration area in November 2025. Although the recent rebound briefly broke through this zone, the bulls failed to establish a firm footing. Currently, $0.0000062 has turned into a short-term resistance level, with the price falling back below this level, indicating that selling pressure above still exists.

On the daily chart, the structure remains biased bullish. The A/D indicator shows that there was a clear inflow of funds in early January, and the buying foundation has not been completely broken; momentum indicators also show no obvious reversal signals, suggesting that the medium-term trend has not been negated. However, on lower timeframes, the bears still hold the advantage. The 1-hour chart shows a local supply zone near $0.0000060, combined with multiple short-term highs above, limiting the rebound potential.

From a risk assessment perspective, the probability of the price falling below the demand zone of $0.0000044 to $0.0000050 in the short term is relatively limited, provided Bitcoin remains above key psychological levels. Once the mainstream market re-strengthens, the Meme coin sector is expected to gain emotional support.

Strategically, short-term traders are better off remaining patient, waiting for one of two signals: first, a correction to the $0.0000044–$0.0000050 range with signs of stabilization; second, a volume breakout above $0.0000072 with a confirmed effective breakthrough. In high-volatility phases, waiting for confirmation is often more cost-effective than chasing prices.