$PEPE Price Prediction: Eyes on $0.000015 - BeinCrypto Analytics

The latest data indicates a strong bullish trend for the meme coin PEPE, as reflected in the daily chart. The Money Flow Index (MFI) has surged past the critical 50.00 neutral level, signaling dominant buying pressure. The MFI, which assesses both price and volume, suggests that market participants are currently favoring purchases, indicating a possible overbought condition.

Additionally, PEPE's price is trading above the Ichimoku Cloud, a technical indicator that highlights key support and resistance levels along with overall trend direction. While the coin attempted to break above the $0.000011 resistance level, it encountered rejection and pulled back. Nevertheless, the chart suggests that the uptrend remains intact, with potential for further gains.

Support from the Fibonacci retracement levels reinforces this bullish outlook. Currently, PEPE has solid support at $0.0000089. A successful breakout above $0.000011 could propel the price toward $0.000015. Conversely, if bearish forces reassert themselves at the $0.000011 resistance, we may see a decline to $0.0000067.