PEPE price is currently testing a crucial support level, raising concerns among traders about whether it can hold its ground in the face of growing bearish pressure. Meanwhile, FLOKI’s recent rally appears to be losing momentum as bears tighten their grip, sparking uncertainty over its short-term trajectory. Market sentiment across meme coins has turned cautious, with volatility expected to remain high. Investors are now closely watching these key levels to determine the next decisive move for both PEPE and FLOKI.

Since early September 2025, PEPE price has struggled to maintain its bullish momentum, slipping from local highs and moving into a consolidation phase. The token briefly gained traction after being recognized in Indonesia, which boosted investor interest, but the hype soon faded as broader meme coin sentiment cooled. Bears have since pushed the price closer to crucial support zones, sparking caution among traders. Despite the pullback, PEPE remains one of the most-watched meme coins, with investors eyeing any catalyst—such as market sentiment shifts or community-driven events—that could trigger its next breakout.

The chart shows PEPE trading below the Gaussian channel, signaling a shift in momentum to the downside. The token is consolidating near a crucial support zone around $0.0000090, with repeated tests suggesting vulnerability to a breakdown. If this level fails, price could slide toward $0.0000085–$0.0000080 in October. On the upside, resistance sits near $0.0000105–$0.0000110, aligned with the descending trendline. A breakout above this could open the way to $0.0000120, though bearish pressure dominates unless volume strengthens.

FLOKI price has struggled to hold momentum, slipping from highs near $0.000095 toward the $0.000078 zone, reflecting a mild bearish trend. The token faced selling pressure after Bitvavo reduced its staking rewards to 0.60%, cutting into FLOKI’s yield appeal. Despite this, community buzz around the Valhalla metaverse and ongoing NFT integrations provided some resilience, preventing a deeper breakdown. Market sentiment has remained cautious, with meme coin volatility amplifying short-term swings. For now, FLOKI’s trajectory hinges on renewed ecosystem growth and whether buyers defend key support around $0.000075.

Based on the chart, FLOKI appears to be forming a classic Elliott Wave pattern, currently completing Wave 4 near the $0.000077 support zone. If confirmed, Wave 5 could target the $0.000113–$0.000120 resistance region. The RSI at 34 suggests oversold conditions, hinting at a potential bullish reversal. Meanwhile, the MACD remains bearish, but a crossover could signal a momentum shift. Sustaining above $0.000068 is crucial for continuation, while reclaiming $0.000085 would strengthen the case for an upward Wave 5 rally.