PEPE
$PEPE coin price has rebounded to a key demand zone after a significant decline, and the chart outlines a decisive structure. Meanwhile, social sentiment also shows signs of warming, keeping people's attention on the next possible breakout. These factors form the framework for PEPE's price outlook in October. The chart highlights a clear descending resistance trend line, while the support level continues to hold within the range of $0.00000884 to $0.00000984. It is worth noting that the last retest of this area in May triggered a 105% rebound, pushing the price above $0.00001800.
Currently, the market price of PEPE is $0.0000091, indicating a return to the same support level. Specifically, the current trend suggests that breaking the downward resistance level may open the path towards $0.00001500. This target reflects an expected increase of about 69% from the current level.
Meanwhile, if the support level fails to hold, the focus will shift back to $0.00000884, becoming the crucial lower limit. However, repeated testing of the demand zone has enhanced the possibility of another rebound. The chart formation clearly defines the next upward area at $0.00001500, pointing the direction for PEPE's long-term price forecast. Over the past 24 hours, social dominance surged from 0.4489% to 0.685%, marking a significant increase in group activity. This reflects an increase in discussion volume as the price tests key structures.
Meanwhile, data from CoinGlass shows that the weekly net outflow continues, with the recent figure at $24230000000, indicating a decrease in the number of tokens sold into exchanges. A reduction in inflow typically reflects a decline in immediate selling pressure, thereby enhancing price stability near the support level.
Specifically, these indicators suggest that market sentiment and liquidity both support the possibility of a rebound. If conditions remain unchanged, a level of $0.00001500 is still expected to be reached in the short term. In summary, the price outlook for PEPE combines chart structure with positive recovery sentiment clues.
In summary, the price of PEPE is in a critical area where a historic rebound begins. The key support level remains at $0.00000884, while the resistance level is around $0.00001500. With market sentiment and capital outflows in sync, the possibility of another surge remains high. If buyers hold the bottom, the expected upward path will remain unchanged.
