## **PEPE Tests Key Resistance Level Repeatedly, Extending Bull Flag Pattern Maintains Consolidation**

PEPE is currently priced at $0.054412, down 3.2% over the past 24 hours, but this correction has not broken the support. The price is oscillating between $0.05422 (support) and $0.0546 (resistance), forming a typical high compression zone. Most importantly, the elongated **bull flag pattern** on the short-term chart is extending, indicating that buyers and sellers are still battling, with no side gaining a clear advantage.

## **BTC and ETH Stable, but PEPE Alone Under Pressure**

Bitcoin and Ethereum have increased by 1.3% and 0.8% respectively over the past 24 hours, while PEPE has declined—this divergence clearly indicates the situation. Currently, PEPE is quoted at 0.0104878 BTC relative to Bitcoin and 0.081416 ETH relative to Ethereum. This suggests that the selling pressure on PEPE is more driven by its own market dynamics rather than overall market trends. The price has not broken below the support level of $0.05422, indicating that there is still buying interest at this bottom zone.

## **What Does the Extended Bull Flag Signal?**

This **extended bull flag** appears to be a consolidation, but it carries significant information for traders. Long-term consolidation is often accompanied by liquidity contraction and price pressure concentrated at specific levels, with the current resistance at $0.0546 being the focal point. The continued extension of the bull flag indicates that the market is waiting—waiting for a directional breakout. Whether it breaks above $0.0546 or falls below $0.05422 will determine the subsequent trend.

## **What Are Traders Watching Next?**

In the short term, PEPE’s performance depends on whether it can sustain within this narrow range. If it continues to stick between $0.05422 and $0.0546, the **bull flag extension** will further strengthen, typically signaling energy accumulation before a breakout. However, traders should be alert that a 3.2% intraday decline suggests selling pressure is not just a bluff. The key will be the trading volume—whether there is enough to support a breakout or if the market remains stalemated. The interaction between this resistance and support level will be the core focus in determining PEPE’s near-term direction.