Pepe (PEPE) Price Analysis: Could the price return to the $0.0000015 level?

On January 11, the price of the Pepe meme coin (PEPE) rose to $0.00000149, but by January 12, it quickly fell back to $0.0000011. Obviously, sellers entered the market again and did not allow memcoin to retest $0.0000015.

According to CoinGecko, the price of PEPE has increased by 6.4% over the past seven days. It is important to note that previously the $0.0000015 mark was resistance for the cryptocurrency.

Thus, if PEPE wants to rise, many bullish orders must appear to break this zone. If liquidity entering the market coincides with the buying side, an additional 5% increase is possible in the coming days.
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PEPE rebounded, but trend remains uncertain

PEPE has been rising since January 8, when it bounced off a long-term descending resistance line. However, the price was unable to develop a rebound and almost returned to the trend line

After the breakout, PEPE returns to support

The price of the popular meme token PEPE has been declining along a descending resistance line since May 2023 and found its bottom in September.

After peaking on December 9, PEPE began to fall. It returned to the descending resistance line, confirmed it as support on January 8 and rebounded.
Although it has not yet been confirmed, the correction could end on January 8th.

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