PEPE Holds Above Support at $0.056416 Despite 3.5% Daily Drop
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Price Volatility Analysis: PEPE is currently trading at $0.056585 with a 3.5% daily drop, yet remains above the support level of $0.056416, indicating a tightening price behavior as the market reassesses near-term positioning.
- Resistance Impact: Although PEPE trades below the resistance level of $0.057003, hindering its upward trend, it shows relative strength against Bitcoin and Ethereum, gaining 1.5% and 2.7% respectively.
- Market Activity Observation: The low 24-hour trading volume suggests reduced volatility compared to previous trends, with current price behavior compressed between support and resistance, reflecting structural balance in the market.
- Short-Term Trend Outlook: Sustained trading above the support level maintains the existing price framework, while failure to clear the resistance continues to define the upper boundary, shaping the immediate path forward strictly by these technical levels.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
