$PEPE is showing early signs of a potential short-term rebound after hitting a recent low of 0.00001027. The first green candle on the 4H chart is forming off a strong support zone, hinting that a reversal could be in play.

Looking at the EMA indicators, price is still below EMA(7), EMA(25), and EMA(99), but it's now testing the crucial EMA(7). A close above this level could set the stage for a move toward the 0.00001130–0.00001170 resistance zone.

The RSI is deep in oversold territory with RSI(6) at 19 and RSI(12) at 26. A slight uptick in buying could trigger a sharp bounce, which is something to watch closely.

On the MACD front, while it’s still bearish, convergence is forming—this could lead to a bullish crossover in the next 1-2 sessions. Combine that with the solid 24h trading volume of \$188M, and there's strong dip-buying interest happening.

PEPE seems to be consolidating tightly around the 0.0000103–0.0000106 range. If the support holds and price reclaims EMA(7), we could be looking at an explosive move toward 0.0000115–0.0000123 in the coming days.

Are you buying or selling PEPE right now? Keep your risk management in check and stay alert for what could be a wild ride.

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