PEPE Price Rebounds as Buying Pressure Returns

PEPE Price Analysis: Bullish Shift Amidst Recovery

After a significant decline from its all-time high, PEPE is attempting to recoup its losses with support from investors.

Positive Indicators:

• Key Resistance Broken: PEPE's price has surpassed a critical resistance level of $0.00001163, indicating a potential shift in momentum.
• Increased Buying Pressure: The Chaikin Money Flow (CMF) has surged above 0, suggesting a rise in buying pressure. This metric measures the accumulation and distribution of money flow, indicating the prevalence of buyers in the market.
• Mid-Term Holdings Rise: Short-term PEPE supply is being transferred to mid-term holders. This shift indicates that investors are extending their holding period, signaling confidence in the asset's future performance.

Potential Price Movement:

• If the bullish momentum continues, PEPE could rise to the next resistance level of $0.00001369, supported by reduced selling pressure and increased investor confidence.
• However, if the price fails to break above $0.00001146, consolidation could occur between it and the lower support of $0.00001007.

Disclaimer: The provided information should not be considered financial advice. Always conduct thorough research before making investment decisions.