# pepe
I think the chart shows a recovery trend after hitting a low of 0.00001441. The price is now trading above the middle Bollinger Band (MB: 0.00002180), which I believe suggests the potential for continued upward movement in the short term. The 24-hour high of 0.00001954 indicates a resistance level that could be tested if momentum holds.
The volume (16.28T for PEPE) also seems healthy, which I think supports the current buying interest. However, the overall trend over the last 7 and 30 days shows negative performance (-15.65% and -3.27%, respectively), which suggests some caution if you’re holding long-term.
I believe this is a good opportunity to buy for a short-term gain, but it’s important to monitor if the price breaks above resistance or pulls back to test the support around 0.00001790 (24h low).