#MarketPullback

In light of the rising momentum of the PEPE currency over the past weeks, the discussion is back again regarding the possibility of a real rebound in the price of this meme coin today, May 5, 2025. Are we facing a new wave of rise? Or is this just a minor correction before the downtrend continues? Let's dive into the details with a realistic and exciting analysis.

Current Price and Recent Movements

Current Price: $0.00000823

Market Capitalization: $3.46 billion

24-Hour Trading Volume: $354 million

Ranking Among Cryptocurrencies: 28

PEPE has experienced a noticeable decline over the past week, but it is now showing interesting signs of stability. It is clear that speculators have started accumulating again at the current support levels.

Realistic Technical Analysis: Has the Rebound Begun?

A bullish engulfing pattern has clearly appeared on the weekly chart, which is one of the strongest bullish reversal patterns.

The Relative Strength Index (RSI) is touching the 30 area, indicating that the currency has reached a state of "oversold", and a bullish rebound often follows.

The strong support level at $0.00000800 has held for more than 3 trading sessions, reinforcing the rebound hypothesis.

Data shows sideways movement that may serve as accumulation before n.