- PEPE trades at $0.056902, up 1.9% in 24 hours, holding firm above its $0.056676 support zone.
- Resistance is observed near $0.056897, keeping price action confined within a narrow consolidation range.
- The chart highlights a potential third altseason cycle, following previous expansion phases observed in past market cycles.
PEPE continued on its stable course during the previous session with slight positive changes as the overall market mood was getting better. The token has registered a 1.9 percent price growth in the last 24 hours as it stands at $0.056902 by the time of writing. A strong buying activity was recorded in the market over major markers with traders noticing narrow technical parameters in various altcoins.
The broader chart setup, highlighting three major altseason cycles, has drawn attention due to its recurring structure. Each previous phase followed a period of extended consolidation before price expansion. The current positioning, marked as the third altseason zone, sits along a gradually ascending trendline that has remained intact since 2017. This formation underscores the long-term trajectory observed in previous cyclical movements.
Consolidation Persists Above Key Support Level
PEPE continues to find consistent support near $0.056676, a level that has maintained stability despite fluctuating market activity. This support zone has limited downward movement, allowing price action to compress within a tight range. On the upper side, the resistance is concealed at approximately $ 0.056897, whereby the recent candles experienced some temporary rejection.
Virginia experienced moderate trading volumes in the session and this implies that participants are awaiting a conclusive turnaround in order to get exposure. But the token performance in comparison with major pairs showed consistent relative performance with a rise of 1.4 against Bitcoin (0.0106401 BTC) and 0.8 against Ethereum (0.081756 ETH). This cross-pair strength is an indication that there is liquidity distribution that has been maintained over various trading routes.
Notably, the contraction between the current support and resistance levels indicates reduced volatility, a condition often preceding broader market adjustments. As the range tightens, traders are closely monitoring order book depth to gauge potential breakout behavior.
Chart Structure Highlights Long-Term Market Rhythm
The long-term chart visualization, which includes the first, second, and third altseason cycles, outlines recurring expansion phases followed by consolidation. Each segment illustrates a consistent pattern of retracement and recovery along the ascending baseline. The alignment of these cycles shows how altcoin phases have historically clustered around similar structural points.
In the current phase, PEPE remains positioned within the lower segment of the third cycle, maintaining adherence to the established upward trajectory . This configuration highlights a balanced technical posture supported by consistent price stability and orderly movement within defined parameters.
Market participants continue to reference this setup when assessing liquidity rotation across altcoins. The upcoming sessions will determine whether PEPE sustains its stability within this structural framework or transitions toward broader market activity observed in previous alt cycles.
