PEPE: Still showing strong resilience! 🔥🐸🚀

Despite some pretty sharp drops in its price over the past few weeks, PEPE's been showing some serious resilience. In the past, we've seen it take hits of around 63% and 66%, only to bounce back with gains of over 340% and 380%. Talk about a comeback kid!

Looking at the daily charts, there's this pattern where PEPE takes a nosedive but then shoots back up. Right now, traders are eyeing the support zone between $0.000010 and $0.0000078. If PEPE can hold steady here, we might see it make a run back to its all-time high of $0.000028, and who knows, maybe even aim for $0.000040. But, if it slips below this support, the next safety net is around $0.0000060. Historically, though, PEPE's been pretty good at bouncing back from these dips.

On the technical side, there's been chatter about a descending wedge pattern—a classic sign that a big price move could be on the horizon. One analyst, Max, pointed out that PEPE's current price action looks a lot like it did in Q1 2024. Back then, after breaking through support at $0.0000125, PEPE rallied to highs of $0.0000560. Max thinks that if PEPE can break above $0.00001550 now, we might be in for another big surge.

So, what's the takeaway? PEPE's been through some ups and downs, but it's got a track record of bouncing back. Keep an eye on those key levels, and let's see where it goes from here!

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