The PEPE token has encountered resistance and its price has fallen towards the key support level of $0.00001152. The article analyzes whether this support level will hold for a potential rebound or if further downward movement is likely. Technical indicators such as the 4-hour RSI and bearish candlesticks on the daily chart suggest a correction phase may be underway. The article emphasizes the importance of the 100-day SMA as a critical level to watch for a reversal or continued downward movement. The RSI on the 1-day chart also indicates a potential shift in momentum and the possibility of a pullback or consolidation. The market is currently testing the strength of the $0.00001152 support level, which will determine if the bearish momentum continues or if a rebound is possible. A breakdown below this level could lead to additional declines.



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