PEPE bulls are eyeing a breakout, but the $0.00001313 resistance level poses a significant hurdle. After a promising recovery, buyers need to prove their strength to push prices higher. Failure to break through this barrier might invite increased selling pressure, putting PEPE at risk of a downturn.
The current price action reflects PEPE's attempt to regain its bullish trend. Breaking the $0.00001313 resistance is crucial as the Relative Strength Index (RSI) suggests shifting control to buyers. A break above the 50% RSI level confirms bullish momentum, while stalling might indicate insufficient strength for a breakout.
At the $0.00001313 level, PEPE teeters between bullish momentum and bearish pressure. Success in overcoming it could lead to a new rally, challenging the $0.00001731 resistance. Otherwise, another pullback toward $0.00001152 might ensue, dictating whether the memecoin continues its recovery or not.
