Can PEPE make a comeback? Is this rebound a real rebound, or just a trap?
After experiencing a wave of turmoil in the cryptocurrency market, $PEPE is trying to rise from the ashes, signaling a little "I am still alive." It has rebounded slightly by 2.56% in the last 24 hours, but don’t rush to celebrate. The current question is: Is this really a V-shaped reversal, or is it just a final struggle for survival?
The technical analysis is as follows:
Current price: 0.00001038
Just hit a low of 0.00000977, currently approaching the middle Bollinger band
RSI has rebounded to 45.20 and is above the signal line — slight bullish divergence
Bollinger 20-period middle band = 0.00001050, this is PEPE's "gateway to hell"
If it breaks through the threshold of 0.00001050, the rebound target will be:
First stop: 0.00001190 — A densely traded area ahead
Second stop: 0.00001475 — High position liquidation + emotional breakout
