PEPE rebounds 26% in July – Should traders expect more upside?
PEPE has rebounded 26% in July, with a recent 9.77% rise from July 9th. However, the overall price structure on higher timeframes remains bearish, with the coin setting lower highs and lows since January 2025. Key technical indicators show a potential uptrend forming, but buying pressure remains weak. The price is currently testing the 50-day Moving Average as resistance. For the bounce to extend, PEPE must flip the $0.0000028 level into support. Key resistance is seen near $0.0000030-$0.00000314. A close above $0.00000314 would invalidate the immediate bearish outlook. Traders should expect the current rally to potentially stall around the $0.0000030 zone.
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