PEPE: A 10x or a Hopeless Meme?

The price is currently testing the support zone between 0.00000054 and 0.00000039, an area that has previously acted as a strong demand zone. A hidden bullish divergence is forming on the RSI (7), where the RSI is making lower lows while the price remains relatively stable, suggesting potential exhaustion of selling pressure. Additionally, the RSI is in oversold territory, reinforcing the likelihood of a rebound.

Optimal entry points are within the 0.00000054 to 0.00000039 range, where buyers may start stepping in. Alternatively, a structural shift in lower timeframes could provide further confirmation before entering. The upside potential is significant, with the primary target set at the all-time high (ATH) of 0.0000283, presenting a high risk-reward opportunity.

👨🏻‍💻💭 This setup presents a solid case for a potential bounce. Are you prepared for the next move?
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