$PEPE Pepe Possible situations:
Short-term decline:
The RSI in the overbought zone and the possibility of engulfing the downtrend suggest that pepe price is falling in the short term. In this case, the price may return to the previous support level.
Support Level:
The support level $PEPE can be determined based on previous price movements. These levels indicate potential points where the price could stop in its downtrend and start rising again.
Therefore, PEPE prices could fall in the short term, but this correction could be part of an upward trend in the longer term. It is important to be careful and closely monitor the market when making investment decisions. Long-term growth potential:
After a short-term correction, PEPE price could enter a long-term uptrend, creating higher lows and higher highs. In this scenario, healthier growth could continue thanks to a break from overbought conditions.
