$PEPE eyes breakout as adoption and whale activity rises - AMBCrypto Analytics

PEPE’s price has been contained within a descending channel, with a well-defined resistance at $0.00000820. This level is significant as it represents the upper boundary of the channel, marking the first hurdle for bulls. A breakout above this resistance could signal a shift in momentum and open the door for a rally towards the next target of $0.00001330, a level that has acted as a significant resistance zone in the past.

On the downside, support at $0.00000470 is critical. This support aligns with a previous consolidation area, suggesting strong buying interest around this level. Should the price fail to break the $0.00000820 resistance, it may continue its downward trend, potentially retesting the lower support near $0.00000470. The Relative Strength Index (RSI) is currently at 53.09, indicating neutral momentum. This reading shows that PEPE is not in overbought or oversold conditions, leaving room for movement in either direction. The lack of a strong momentum signal from the RSI suggests that the market is in a state of indecision, awaiting a clear breakout or breakdown.