$PEPE ’s 16% Bounce Begins Reversal or Just Relief?

$PEPE Key Support Holding, Bounce Underway

After forming a weak high near 0.00001470, $PEPE entered a clear downtrend, sliding into the demand zone just above 0.00001000. This support has historically triggered bullish momentum, and now the price is showing signs of life with a potential 16.5% bounce forming.

Currently trading at 0.00001059, PEPE is attempting to recover toward the 0.00001200 resistance. The structure suggests short-term upside as long as bulls defend this lower demand area.

Key Levels to Watch:

Support: 0.00001000

Resistance: 0.00001200 (immediate), 0.00001470 (major high)

Upside Potential: +16.5% short-term rally

Conclusion:

PEPE is bouncing off key support after an extended downtrend. A confirmed push above 0.00001150 could validate this recovery and test the 0.00001200 zone. However, failure to hold this level may return price to its lower base near 0.00001000. Keep it on your radar.