PEPE Price Remains Above Key Moving Average Amid Bullish Momentum

The meme-inspired cryptocurrency PEPE is maintaining price stability above a key 100-day simple moving average (SMA) following a brief pullback. This technical strength raises speculation about a potential bullish continuation.

Key Points on Recent Price Action

PEPE shows steady price movements, holding above crucial support levels.
The Relative Strength Index (RSI) remains positive, indicating sustained buying momentum.
Trading volume is consistent, reflecting ongoing interest from market participants.
A breakout above $0.00000766 could confirm further bullish momentum.

Bearish Scenario: Key Support Levels

If selling pressure increases, the first critical support level is the moving average acting as a price floor.
A break below this could lead to declines toward secondary support zones at $0.00000589 and $0.00000398.
Declining volume and bearish crossover in momentum indicators may confirm a shift in sentiment.

Traders should monitor these key support zones closely to assess whether bullish control is maintained or if bears will take over.