- PEPE has consolidated for 1.5 years within a diamond-shaped chart structure, narrowing price volatility.
- The token holds support at $0.00001073 and faces resistance at $0.00001118, marking key breakout levels.
- FOMC’s upcoming decision could trigger a decisive move, as the market awaits direction after prolonged compression.
After more than a year of consolidation, PEPE remains within a tight trading range ahead of a key market test. The token has moved sideways for roughly 1.5 years, creating a diamond-shaped structure on the chart. As the Federal Open Market Committee (FOMC) prepares its policy announcement tomorrow, traders are closely observing whether this prolonged compression will soon resolve in either direction.
Current Trading Range and Price Levels
PEPE is currently trading at a price of $0.00001077, which does not show any increase or decrease over the last 24 hours . The price is currently positioned slightly above the support of the immediate base of the level of the $0.00001073, which has been the immediate base in the past few sessions. On the positive, the following test is at the resistance of $0.00001118, which represents the upper limit of short-term range. Remarkably, the current trading has not been very active as the market has been trading between these set limits.
The token’s performance against major cryptocurrencies also highlights marginal gains. PEPE trades at 0.0109255 BTC, up 0.8%, while against Ethereum it records 0.082402 ETH, up 0.5%. These pair movements underline relative stability compared to broader market shifts.
Consolidation and Technical Outlook
The extended 1.5-year consolidation has created a narrowing formation, drawing attention from both bullish and bearish participants. Historical data shows that such extended compressions often precede significant moves once price breaks the pattern. Importantly, the diamond-shaped structure visible on the chart emphasizes the reduced volatility as the token approaches the end of the formation.
The price is above its short-term support, and therefore the market players are keen on how the chart responds to the coming macro events. The identified levels act as a clear roadmap to the traders: a rise above $0.00001118 can be a sign of the additional momentum, whereas a fall under $0.00001073 will put the attention back to the lower threshold.
Market Context Ahead of FOMC
This setup comes at the same time the FOMC decision is coming and usually the volatility in all digital assets is driven by the FOMC decision . With the liquidity squeezing in the PEPE range, the following day announcement may be a spur to action. The long term consolidation has narrowed in the price creating less space to fiddle.
As both support and resistance remain well established, the token sits at a pivotal moment. Market observers are watching whether the structure will finally give way to clearer direction after months of tight range-bound trading.
