The Relative Strength Index (RSI) at 46.12 reflects indecision, but not yet oversold conditions. As shown on the 4h chart, PEPE is attempting to stabilize after forming a local bottom, giving bulls some hope for a reversal.
If PEPE holds the $0.00001230 support and breaks above the 21 EMA, it could signal a potential breakout toward $0.00001391, and eventually $0.00001500 — the next major resistance and psychological barrier.
Momentum could pick up quickly if broader crypto market sentiment improves, especially if Bitcoin regains strength. A successful retest followed by a bounce may reignite trader confidence and lead to a new short-term rally.
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