BlockSavvy

PEPE Price Outlook: Can the Meme Coin Bounce Toward $0.00001?

$PEPE is attempting a recovery after weeks of downward pressure, trading near $0.00000666 following a sharp Q4 sell-off. The broader meme coin market remains sentiment-driven, making the sustainability of this bounce crucial for the next move.

After breaking above the midline of its long-term descending channel, PEPE faces a key resistance at $0.00000779, a prior support now acting as a supply zone. Holding above this level could signal a more reliable trend shift; failure may result in a short-lived relief rally.

Key Levels:

Resistance: $0.00000779

Pivot: $0.00000666

Support: $0.00000514

Momentum indicators show mixed signals: MACD nears a bullish crossover, but OBV lacks strong volume confirmation. This suggests two scenarios: buyers push aggressively, validating a breakout, or sellers defend resistance, capping gains.

Scenario Analysis:

Bull case: Reclaiming $0.00000779 may attract buyers, boosting the chances for a move toward $0.00001.

Bear case: Rejection at resistance could drag PEPE back to $0.00000514, keeping the downtrend intact.

PEPE shows early rebound signs, but trend confirmation requires overcoming overhead supply with stronger volume. Until then, treat this as a bounce in a broader recovery attempt.

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