๐ธ PEPE is trading at $0.00001244, slightly rebounding from the 24-hour low of $0.00001220.
๐ Recent Price Movement
In the past few hours, PEPE witnessed a sharp decline from a high of $0.00001345 but found strong buying interest near the $0.00001220 level. This price point acted as a short-term floor, halting the downtrend and paving the way for a possible bullish reversal.
๐ Technical Indicators Suggest Recovery
Moving Averages: The 7-day and 25-day moving averages are currently converging around the price level, indicating a potential crossover. If the price maintains this momentum and breaks above the 99-day MA at $0.00001268, we could see a sustained bullish push.
Volume Spike: A noticeable surge in trading volume occurred around the bottom, suggesting that buyers are stepping in to accumulate at lower prices.
RSI Momentum: The Relative Strength Index (RSI) has climbed back to 53, showing a shift from oversold territory toward a neutral-bullish zone, hinting that further upside is likely.
๐ Market Sentiment
Despite a recent 4% dip, the sentiment remains cautiously optimistic. Meme coins like PEPE are heavily driven by community momentum and market cycles. The rebound from $0.00001220 shows that buyers are defending key support levels, and a break above $0.00001270 could trigger another rally toward the recent high of $0.00001345.
๐ Outlook: Bullish Bias with Caution
If bulls maintain control and PEPE breaks above its short-term resistance, we could see a swift move back to the $0.00001345 region. Momentum, volume, and RSI indicators are lining up for a possible upward breakout. Traders should keep an eye on the 99-day MA and RSI zone for confirmation of sustained bullishness.
Key Resistance:$0.00001268 $0.00001345
Support Level:$0.00001220
Next Bullish Target:$0.00001352+ $PEPE