The current price of the $PEPE coin at 0.0000104 is approaching a strong support level at 0.00000986, which may act as a barrier to further declines. The RSI indicator at a value of 34 indicates that the coin is in the area near oversold conditions, which may support a short-term upward rebound. The MACD indicator shows a negative crossover with the continued red histogram, indicating that the downward momentum remains dominant. The short-term moving averages are below the long-term ones, confirming the current downward trend. If the support at 0.00000986 is broken, the price may head towards lower levels. On the other hand, if a rebound occurs, the first significant resistance is at 0.0000117 and then at 0.0000128. Overall, the market tends to decline in the near term, but the proximity to current support levels may open the door for a limited corrective upward movement.

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