PEPE at a critical juncture.. Will the frog succeed in leaping towards a bullish wave?🔥🚀💹

PEPE currency is currently trading near $0.0000109 after a daily decline close to -4%. This drop comes after limited movement in a narrow range, reflecting a state of anticipation awaiting new catalysts that may move the market.

Support and resistance levels:

First support near $0.000010, maintaining this level is essential to avoid a deeper decline.

Second support at $0.0000095, breaking it may open the door for a strong correction wave.

First resistance near $0.000013, breaking it could provide a positive boost to regain confidence.

Higher resistance at $0.000028, if surpassed, we could witness an extended bullish wave.

Technical indicators:

Moving averages MA: the price is currently below the short average, indicating short-term selling pressure.

Relative Strength Index RSI is moving around 44 points, reflecting a balance with a slight tendency towards selling.

MACD is still in negative territory but shows convergence that may indicate a bullish turn if the first resistance is broken.

Forecasts:

The positive scenario, a strong rebound from support with a break above $0.000013, could pave the way for a new bullish wave.

The negative scenario, breaking below $0.000010, may drag the price to lower levels and weaken traders' confidence.

In summary, the frog is currently in a critical phase, trapped between significant support and nearby resistance. Continued community interest may help it regain its strength, but competition with currencies...