In the past few days, the PEPE meme coin has seen a significant rise, with the price increasing from a level of 0.00000986 to touching 0.00001284, before entering a downward correction wave that brought it down to around 0.00001134 at the time of writing this analysis.

Current Market Situation

Data indicates that the price movement remains positive in the medium term, but there is noticeable selling pressure in recent hours, which has led to breaking some secondary support levels. The trading volume is still relatively high, reflecting continued interest from traders in the coin.

Important Support and Resistance Levels

First Support: 0.00001090 – Breaking this level may push the price further down.

Second Support: 0.00001060 – Considered a strong buying area for short-term investors.

First Resistance: 0.00001180 – Exceeding this level may open the door for a return to 0.00001250.

Second Resistance: 0.00001270 – Breaking this level may lead to a strong upward wave#PEPE‏