PEPE faces a critical moment! Can it break through the siege and usher in a big rebound?

(Zhuye Jiaoliu)

This week, the PEPE price rebounded from the 100-day EMA mark and formed a hammer candlestick in the ascending trendline area. In the strong bull market rebound in the past few weeks, PEPE still has a lot of room to rise, and buyers are trying to restore the future bull market trend.

Memecoin has fallen back to the breakout trajectory near $0.00001100 and is now in trouble. Once PEPE breaks through $0.00001400, it may rise rapidly from this point.

As of press time, PEPE is trading at $0.000001160, with an intraday increase of 3.06%, and is neutral on the chart. Its monthly return is -22.02% and its annual return is 600.20%, reflecting a short-term retracement.

The price of the PEPE/BTC pair is 0.000000000180 BTC with a market cap of $4.88 billion. Analysts are neutral and believe that PEPE is likely to remain strong and will resume outperforming the market in the coming sessions.

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