$PEPE has reached the overhead resistance of $0.000027, where the bulls and the bears are likely to battle it out for supremacy.

PEPE

0.00002345

-15.28%

The 20-day EMA ($0.000021) is sloping up, and the RSI is in the overbought zone, indicating advantage to buyers. If the bulls maintain the price above $0.000027, the PEPE/USDT pair could surge to $0.000035 and then to $0.000044.

Contrary to this assumption, if the price turns down from $0.000027, it will signal that the bears are fiercely defending the level. The pair may then drop to the 20-day EMA. Sellers will have to sink the price below the 20-day EMA to gain the upper hand.

The bears pulled the price below $0.000024, but the bulls purchased the dip to the 20-EMA. The bulls are again trying to push the price above $0.000027. If they can pull it off, the pair could soar to $0.000035.

Time is running out for the bears. If they want to make a comeback, they will have to swiftly pull the price below the moving averages. The pair could then slide to the strong support near $0.000017.

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