Pepe (PEPE) is currently trading at $0.00000935, retesting a crucial support zone between $0.00000884 and $0.00000984. This level has historically acted as a strong base, with the last successful defense in May sparking a 105% rally that pushed prices above $0.00001800.
Social dominance surged from 0.4489% to 0.685% in the last 24 hours, indicating heightened community engagement and discussion around this key technical setup. Concurrently, exchange outflows of $24.23 million over the past week suggest reduced selling pressure, as fewer tokens are available for immediate sale, reinforcing price stability.
Technical indicators present mixed signals: the Relative Strength Index (RSI) hovers near 45, reflecting limited buying power, while the Moving Average Convergence Divergence (MACD) remains flat with red histogram bars, signaling weakening momentum. However, intraday charts show higher lows and accumulation in the $0.00000970-$0.00000972 range, hinting at potential bullish recovery.
If support holds, bulls could target resistance levels at $0.00001020 and $0.00001080, with a breakout potentially leading to gains of up to 69% toward $0.00001500. Conversely, a breakdown below $0.00000940 could expose PEPE to lower supports at $0.00000900 or $0.00000868, increasing bearish risks.
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