The $PEPE market structure seems to be transitioning from a short-term uptrend into a period of consolidation, characterized by a sideways price action. Key support is established at approximately $0.000017, while resistance is found around the $0.000020 level. The Relative Strength Index (RSI) is exhibiting a downward trajectory, indicating a weakening of bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) has crossed below its signal line, reinforcing the presence of bearish pressure. Given the current technical indicators—declining momentum and proximity to resistance— the overall market outlook appears to be neutral to bearish in the near term.
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