PEPE traded at 0.00000450 USDT on the daily chart after falling 3.02 percent, as sellers kept control and price slipped into a closely watched demand zone. The session range stayed narrow, with a high of 0.00000464 and a low of 0.00000445, showing how quickly volatility cooled after January’s sharp run. Price now moves between 0.00000436 and 0.00000450, an area that previously slowed selling and now sits at the center of the short-term fight.
The current system maintains its original structure because it has remained intact since December, when the downward trend first began in October. The descent stopped at 0.00000364, which serves as both a 0.0 Fibonacci retracement point and the starting point of the most recent recovery.
From that point, PEPE experienced rapid growth, which continued until early January when it reached its peak at the 1.0 Fibonacci point located at 0.00000726. The move delivered close to a 99 percent gain in under two weeks before momentum started to fade.
Once the rally stalled, the price slipped into a steady pullback inside a descending parallel channel. The structure has held so far, with PEPE now trading near the lower part of the channel and hovering just above the 0.236 Fibonacci level at 0.00000449.
The current danger depends on the ability of that particular threshold to remain intact. The market will drop to the 0.00000364 support level when it closes below 0.00000449 because this drop creates a potential 19 percent decline from its current market value.
The next price targets for buyers entering the market will be 0.00000502, which is working at the 0.382 retracement level, and 0.00000545, which represents the 0.5 Fibonacci point.
The current market movement shows weak strength. The 14-day RSI stands at 37.43, while the signal line tracks higher at 43.07, showing that bullish trends are losing strength. The RSI reached above 70 during the January surge before it declined.
The market remains in an overbought condition, demonstrating that current selling activities occur through controlled processes instead of forced selling. As price drifted lower, a long-term whale trimmed exposure after holding 1.7 trillion PEPE since October. The wallet sold 858 billion tokens, valued at $3.88 million.
After the transaction, the address still holds 842 billion PEPE, worth about $3.82 million, according to Arkham data. The sale marked the first time the whale reduced its position since accumulation began in 2023.
Selling was not limited to one wallet. Nansen data showed Top Holders offloaded 4.25 trillion PEPE, pointing to wider distribution during the downturn. When large holders sell into weakness, the circulating supply rises. This shift can weigh on price if demand fails to keep pace.
Volume data reflected the imbalance. The sales volume dropped to 4.46 trillion on January 30, down from 6.56 trillion the day before. Buy volume over the same two days measured 3.79 trillion and 5.72 trillion.
Across both sessions, PEPE posted a negative Buy-Sell Delta, signaling persistent spot selling pressure as the price remains pinned to its key demand zone.
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PEPE price trades near a key demand zone after a sharp pullback from January highs. Technical levels show rising downside risk if support fails, while RSI weakness and heavy whale outflows confirm sustained selling pressure. Market direction now depends on whether buyers defend current levels or allow further supply-driven losses.