I have taken a screenshot of the current configuration to show that PEPE is in a rebound zone.
This screenshot demonstrates various technical parameters, indicating why I am bullish on PEPE.
The RSI is in an oversold region and is gradually starting to recover. Additionally, there is a trendline showing that the trend has hit three low points, and we have just touched the third low point. It is unlikely to go any lower because we are also at the 0.78 Fibonacci retracement level.
Therefore, the correction should be over, and it is highly likely that there will be an upward movement in the coming week.
I would love to hear your thoughts and feelings regarding my analysis. Please feel free to share your impressions!
