$PEPE can potentially rebound – Positive signals from the technical

Currently, PEPE is trading around 0.00001137 USDT, close to the lower band of the Bollinger Bands indicator – a strong technical support area. The green candle just formed here is an early signal indicating that buying pressure is returning.

If the following green candles continue to appear, the recovery trend may be confirmed. According to the BB model, when the price bounces off the lower band, the first target will be the midpoint area (MA20), located around 0.00001280. If it surpasses this level with high volume, PEPE could continue to aim for the next resistance areas around 0.00001450 and further at 0.00001600.

In addition, the Money Flow Index (MFI) is showing signs of a reversal upwards – indicating that money is returning to the market after a sell-off phase. This is an important supporting factor for the short-term price increase potential.

However, if PEPE breaks below the psychological support level of 0.00001100, selling pressure could push the price back to the old bottom area around 0.00000980 – 0.00001020.

In summary, PEPE is in a high probability recovery zone. Investors may consider cautiously entering if there are confirmation signals from candles and volume. The short-term price targets are 0.00001280, 0.00001450, and 0.00001600.