Spot PEPE Market Update
06 February 2026 |
PEPE declined by 5.88% over the past 24 hours. While the broader trend remains under pressure, several short-term technical indicators suggest the possibility of a temporary recovery.
Key Insights
1. Recent Price Weakness
PEPE recorded a 5.88% daily loss, reflecting continued bearish conditions on the higher timeframes.
2. Early Rebound Signals
Momentum indicators such as MACD and RSI are showing signs of short-term bullish divergence after deep oversold conditions, hinting at a potential relief bounce.
3. Strong Holder Sentiment
Despite the recent decline, a large portion of the community continues to hold their positions, indicating confidence in PEPE’s long-term narrative.
Positives
1. Momentum Reversal Indicators
The MACD line has crossed above the signal line, with the histogram turning positive, suggesting a possible shift in short-term momentum following the recent downtrend.
2. Recovery from Oversold Levels
The RSI (6) rebounded sharply from extremely oversold territory (around 7.36) into neutral to mildly bullish levels, signaling reduced selling pressure.
3. Incentive-Driven Activity
PEPE is included in a triple reward incentive program involving futures trading and WXT holding, which could temporarily boost demand and trading engagement.
Risks
1. Bearish Trend Structure
Short- and mid-term EMAs (7, 25, 99) remain in a bearish alignment, indicating that downside pressure has not fully subsided.
2. Broader Market Weakness
Ongoing losses across the meme coin sector and the wider crypto market continue to weigh on PEPE’s performance.
3. Overhead Resistance
Despite a minor rebound, PEPE remains below key resistance levels, which may limit upward movement in the near term.
Community Sentiment
Cautiously Optimistic
While recent price action has caused discomfort among traders, long-term holders remain optimistic, expecting PEPE to benefit from future meme coin cycles and renewed market momentum.
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