$ETH The breach of the 50-day moving average would be a catalyst towards new highs, with an initial technical target around $0.000015, followed by a possible peak at $0.000017.

However, a break below the support at $0.0000085 could lead to a return to $0.0000070. A correction, even brief, to the Fibonacci retracement level of 0.236 cannot be ruled out in the short term.

The daily FBB indicates that PEPE is at the junction of a new bullish rally. If it breaks its current resistance at $0.00001450, it will then move into the mentioned zone around $0.000017. This represents a 40% increase from its current price.

Conversely, a rejection of this resistance would at least lead me to retest the demand zone and the FBB support at $0.0000098. This would mean a potential drop of 23%.

Among the main factors influencing the price of PEPE are the RSI level, macro sentiment on memecoins, the correlation with Ethereum, as well as social cycles (FOMO, viral narratives, etc.). It is worth noting that the current movement is more fueled by the momentum of the narrative than by tangible fundamentals.

In summary, surpassing the $11 billion market capitalization for PEPE would require sustained bullish momentum from the global crypto market.