The PEPE coin is trading near $0.000010 with a daily decline of about -3.8%, while its market value is around $4.35 billion with active daily trading liquidity. This slight decline over the past 24 hours reflects a correction wave after strong surges the coin has witnessed recently. Despite the decline, demand remains relatively high, with the price staying close to previous historical peaks.

Technical Indicators:

The Relative Strength Index (RSI) is moving near the 52 level, reflecting relative neutrality with a slight tendency for weakness, meaning that the currency is neither in an overbought nor oversold area.

The MACD indicator shows a slight negative crossover, indicating a potential continuation of the short-term correction if the price fails to break through resistance.

The 50-day moving average (MA50) is still trading above the price, maintaining the overall positive outlook.

The 200-day moving average (MA200) staying above it reinforces the long-term upward trend and confirms that the current corrections are normal.

Support and Resistance Levels:

The first support level is at $0.0000095; maintaining above it is very important as it represents a strong liquidity area, and the second support at $0.0000090, if broken, could push the currency into a deeper correction wave.

The first resistance level is at $0.000011; breaking it could open the door for a new push towards higher peaks, while the second resistance at $0.000012 represents the biggest barrier to launching towards new historical levels.

Forecasts:

The currency maintains a positive outlook as long as it is above the $0.0000095 support, with a rebound opportunity towards $0.000011 - $0.000012. However, breaking $0.0000090 could push it into a deeper correction near $0.0000085, but the medium trend remains upward.

In summary, the indicators show that the market is in a calming phase after a strong rise, with a slight tendency for selling pressure. However, maintaining the price above the main averages gives an advantage for continuing the upward trend upon any return of momentum.

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