$PEPE pepe$Pepe Coin Price Faces Rejection

In the last analysis, we discussed that Pepe coin could rise again by surpassing the $0.0000090 resistance. The price gained strength and settled above the $0.000010 resistance and is up over 50% in a week. It retested the important barrier of $0.0000118, outperforming Bitcoin.

However, the bulls again failed to clear the $0.0000118 resistance. The high was recorded at $0.00001173 and the price is currently correcting gains. There was a move below the $0.000010 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.00000514 high to $0.00001173 high.