Pepe has reclaimed the $0.000010 level, with te

Pepe has reclaimed the $0.000010 level, with technical indicators hinting at a potential bullish reversal.

As bearish momentum declines across the broader crypto market, meme coins are positioning for a bullish turnaround. Amid rising chances of a market-wide reversal, Pepe has reclaimed the psychologically important $0.000010 mark, suggesting a possible bullish bounce.

On the daily chart, Pepe is forming a base near the 38.20% Fibonacci retracement level at $0.00001026. This pattern hints at a potential double bottom, with the previous low formed on June 5.

The daily RSI shows a minor bullish divergence between the two recent lower lows, supporting the reversal outlook. Similarly, the MACD and signal lines are converging, suggesting a possible bullish crossover and trend reversal.

Currently, Pepe is trading at $0.00001033, down 36% from its 30-day high of $0.00001630. Based on Fibonacci retracement levels, a potential bullish move could first challenge the 50% level at $0.00001226, followed by the 61.8% level at $0.00001465.

On the downside, if the psychological support fails, a deeper correction could test the 23.60% Fibonacci level at $0.00000823.