$PEPE 27% gains in 30 days at risk? Here’s why… - AMBCrypto Analytics

PEPE recently faced resistance at $0.00001068, a level that has previously rejected upward price movements, highlighting strong selling pressure. Currently, PEPE is testing a critical support level at $0.00001025. If this support holds and buying pressure increases, we could see a rebound, potentially leading to a retest of the resistance level and a breakout toward the upper boundary of the ascending triangle.

However, the outlook is cautious. According to AMBCrypto, the support at $0.00001025 may struggle to hold. The Relative Strength Index (RSI) sits at 48.46, below the neutral threshold, indicating bearish market sentiment. This sentiment is echoed by the Moving Average Convergence Divergence (MACD), which has formed a “death cross.” This crossover suggests that sellers are gaining control as the MACD line drops below the signal line.