$PEPE /USDT is currently trading at $0.00001049, with a 5% increase in the last 24 hours and a 42% surge over the past year. Despite a 9% weekly drop, the token shows strong support and buyer interest.

*Key Indicators:*

- *Relative Strength Index (RSI):* Neutral territory with potential oversold conditions developing, at 39.51.

- *MACD:* Bearish momentum with the indicator in negative territory.

- *Bollinger Bands:* Trading near the lower band support, suggesting potential for a technical bounce or breakdown.

*Price Prediction:*

- Potential targets: $0.00001136 and $0.000014, with a possible 40% rally if PEPE breaks above $0.00001136.

- Some analysts predict a 62% rally to $0.0000227 based on a bullish cup and handle pattern.¹ ²

*Market Sentiment:*

- Growing optimism among traders, with open interest increasing by $74 million to $530 million.

- Traders are opening speculative positions, which could cause a spike in volatility.

- Bullish divergence in the Money Flow Index (MFI) and weakening bear power suggest potential for recovery.