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PEPE on Verge of Erasing One Zero as Bulls Reenter Market
In a stunning turn of events, PEPE has begun to reenter the market in a significant manner. The meme coin’s recent price action has seen it bounce off from oversold territory, with its Relative Strength Index (RSI) now sitting at 40.91.
The technical indicators suggest that PEPE could potentially face a short-term resistance at $0.0000760. However, the token’s ability to break past this level largely depends on ecosystem support amidst a lack of utility. If PEPE can gather enough momentum from the bulls, it is possible that it could erase one zero.
On the flip side, if the bulls fail to provide sufficient support, we could see a pullback to $0.0000532, which would represent a more stable support level for the meme coin. It’s essential to note that such an event would result in PEPE giving up all its recent gains should its price plummet again.
In conclusion, while it is difficult to predict the future, PEPE seems poised to continue moving upward.
Source: https://u.today/pepe-on-verge-of-erasing-one-zero-as-bulls-reenter-market
