PEPE Price Signals Strong Bullish Momentum in October

The Pepe Bulls have been in full swing since the second week of September and the memecoin is on track to close the month in the green. However, the question is whether this bullish momentum can be sustained and what can we expect in October?

Since May, PEPE has been in a general downtrend. Selling pressure has bottomed out multiple times around $0.00000897. The price has since stabilized at this level, with some positive signs of recovery.

These data suggest that the majority of investors are not inclined to sell below this level, creating a short-term bottom, which helps us predict the price of PEPE in the short and long term.

Currently, the memecoin has increased by 42% from its September low, reaching $0.00000908 at the time of publication.