$PEPE is trading around $0.00001043, down 1.5% on the 4-hour timeframe, as the price consolidates just below a Fair Value Gap (FVG) zone. Here's what the chart suggests:

What's Happening Now

Current Zone: Price is hovering under the 4H FVG (0.00001080-0.00001100), acting as a near-term resistance.

Key Support: Around 0.00001000, where significant liquidity rests.

Upside Potential: A successful breakout above FVG could target 0.00001250.

Technical Signals

Stochastic RSI: Currently overbought (~96), indicating the market may pull back before a potential move higher.

Liquidity Dynamics: There's a strong

likelihood of a liquidity sweep toward the 0.00001000 zone before any major bullish continuation.What to Watch

Bullish Scenario: Break and hold above 0.00001100 → momentum toward 0.00001250.

Bearish Scenario: Rejection at FVG and

failure to hold 0.00001000 → possible deeper correction toward 0.00000950.