In the past few days, the PEPE meme coin has seen a noticeable rise, as the price climbed from 0.00000986 to touch 0.00001284, before entering a downward correction wave that brought it to around 0.00001134 at the time of writing this analysis.
Current market situation
The data indicates that the price movement remains positive in the medium term, but there is noticeable selling pressure in the last 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 it may push the price further down.
Second support: 0.00001060 – considered a strong buying area for short-term investors.
First resistance: 0.00001180 – surpassing this may open the door to returning to 0.00001250.
Second resistance: 0.00001270 – breaking through it may lead to a strong upward wave.
