$PEPE #pepe⚡ #BinanceSquare

The current price of currency $PEPE at 0.0000104 is approaching a strong support level at 0.00000986, which may act as a barrier to further declines. The RSI indicator at a value of 34 indicates that the currency is in the vicinity of oversold territory, which may support a short-term bullish rebound. Meanwhile, the MACD indicator shows a negative crossover with the continuation of the red histogram, indicating that the bearish momentum remains dominant. The short-term moving averages are positioned below the long-term ones, confirming the current downtrend. If the support at 0.00000986 is broken, the price may head towards lower levels. However, if a rebound occurs, the first significant resistance is at 0.0000117 followed by 0.0000128. Overall, the market tends to decline in the near term, but the proximity of current support levels may open up the possibility for a limited upward corrective movement.
#pepe #BinanceSquare @Pepecoin