PEPE Surges 23.32% Overnight: Analysts Eye Key Support at $0.0115

PEPE exhibits signs of a possible trend reversal with a rounded bottom formation and robust support levels. Analysts perceive dips to $0.0115-$0.011 as opportune buying moments amidst current bullish momentum. Resistance around $0.0000125 remains pivotal, signaling a potential upswing if breached.

PEPE has recently garnered attention with a sharp upward surge, attracting traders and analysts. After an extended downturn, the digital asset appears to be staging a possible revival marked by a significant breakout from its prior downtrend. Trading at $0.000012, $PEPE has experienced an impressive 23.32% surge over the last 24 hours, indicative of renewed investor interest and trading activity.

This upswing follows a notable overnight development where $PEPE shorts were metaphorically "taken out on a stretcher" due to a substantial Open Interest (OI) buildup. DietaFlex, an analyst, observes any swift decline to the $0.0115 to $0.011 range as a buying opportunity, supported by a notable reaction on the M15 timeframe.