The currency $PEPE continues to attract attention on the Binance platform, especially after its attempt to hold above an important technical level amid market volatility over the last 24 hours. Will it succeed in breaking the upcoming resistance? Or will the price return to test critical supports?
🧠 Current technical situation:
Current price: 0.00001013 USDT with a slight decrease (-4.79%).
Nearby support: 0.00000986 – which is the lowest level in 24 hours.
Nearby resistance: 0.00001021 – represents the 50-period moving average (EMA50).
🔍 Important technical indicators:
The 20-period moving average (EMA20) was successfully broken at 0.00001010, indicating initial signs of a potential recovery.
Momentum indicators like RSI and StochRSI show improvement, but they are approaching overbought areas, suggesting a possible temporary correction before any real rise.
The positive MACD crossover has started to form, supporting the bullish scenario if trading volume increases.
📊 Expected scenarios:
✅ Bullish scenario (technically closer):
If the price manages to break above 0.00001021 and hold above it, we may witness an upward move targeting:
0.00001033 (EMA99 resistance).
then 0.00001044 (previous and very strong peak).
The success of this scenario depends on the appearance of strong green candles supported by high trading volume.
⚠️ Bearish scenario:
If the price fails to hold above 0.00001010, we might see a return to test:
0.00000997 then
0.00000986 (critical support).
Breaking this area could open the way towards 0.00000970 in the short term.
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