$PEPE

Recently, PEPE made a significant breakout, surpassing the descending trendline of the falling wedge at $0.0000079 and reached a short-term high of $0.00000918 before pulling back due to market-wide volatility. This retracement brought PEPE back to the breakout trendline at $0.0000070, where it successfully held support and is now gaining momentum, trading at $0.0000076.

From here, the confirmation of this falling wedge breakout with a successful retest strengthens the foundation for further gains. A move above the immediate resistance at $0.00001072 will be crucial for PEPE’s bullish outlook. A breakout above this level could open doors for a rally toward the 200-day moving average and the $0.00001475 price zone, representing a potential 91% increase from current levels.

Is a Recovery Rally Ahead?

The MACD indicator is showing signs of a bullish crossover, suggesting that selling pressure might be easing. If the momentum strengthens, it could confirm a shift towards a recovery phase.