$PEPE fear of losing everything or winning a lot ?

In the daily chart of PEPE/BRL on Binance, we observe the following:

Recent uptrend: After a period of consolidation and lateral movement between March and April, the price broke above the 20-period exponential moving average (EMA 20) and is now above it, indicating a possible attempt at a bullish recovery.

Support at EMA 20: The 20-period EMA is serving as dynamic support — the price has respected this average in the last candles, which is a good sign of buying strength in the short term.

Decreasing volume: Volume has decreased slightly in the last sessions, which may indicate a loss of strength in the current movement. This suggests that the market may be entering a zone of indecision.

Critical region: The price is close to the psychological resistance of 0.00005000. This level has been tested recently and could lead to either a breakout with continued upward movement or a correction.

Summary: The asset is in a consolidation zone just above the EMA 20. If it maintains above it with increased volume, it could seek new highs. Otherwise, it may correct down to the average or below it.