The meme coin PEPE has experienced a short-term recovery, increasing by 1.67% over the past 24 hours. Although it is trading below the $0.000010 psychological level, this recovery suggests a potential comeback for PEPE. However, there are bearish indicators, including a death cross and a pennant formation on the daily chart, which could lead to a breakdown. A rising channel pattern is forming, and closing below the $0.0000092 support level could result in a sharp decline. However, if PEPE is able to recover and test the local resistance trendline, it could trigger a breakout rally and potentially reach the $0.0000132674 level. On the other hand, a bearish breakdown could lead to a test of the $0.0000066378 support level.



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