PEPE is maintaining its support level at $0.0000036 as buyers continue to defend this critical demand zone. Despite the pressure from resistance levels between $0.0000068 and $0.0000100, the meme token's price remains stable, trading between $0.0000037 and $0.0000039 as of February 10, 2026. The market capitalization of PEPE stands at approximately $1.58 billion. Technical analysis indicates that while the broader trend remains downward, with lower highs and lows, the repeated buying interest in the $0.0000036 to $0.0000038 range highlights a strong support area. However, the presence of a descending channel on the daily chart suggests ongoing downward pressure, and a breakout above this channel could shift market sentiment. Futures data reveals about $20 million in short positions between $0.00000400 and $0.00000550, suggesting a potential short squeeze if the price moves into this range. Despite the cautious sentiment in the broader crypto market, with the Fear and Greed Index at 14, PEPE's strong community engagement, evidenced by over 1.2 million wallet holders, provides liquidity depth that could influence its next price movement.