The $PEPE coin experienced a strong rebound from the support level of 0.00001107 in recent hours, registering an increase of +0.69% and currently reaching 0.00001165. This rise was supported by a positive crossover of the short-term moving averages (EMA20 and EMA50), indicating an improvement in buying momentum in the short term.
Technical indicators like RSI and Stochastic are approaching overbought levels, which means the market may experience some volatility or a slight correction before any attempt to break the resistance.
🔹 Bullish Scenario:
If the level of 0.00001175 is strongly broken, the price may head towards testing the recent peak at 0.00001189, and surpassing it could lead us to target 0.00001210.
🔹 Bearish Scenario:
If the price fails to surpass the resistance and retreats below 0.00001145, we may witness a retest of 0.00001139, and breaking it could bring the price back towards 0.00001121 then 0.00001107.
Summary: The current trend leans upwards, but caution is advised in these areas, as any price rejection near resistance could open the door for a corrective downward movement.
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