$PEPE Tests Key Resistance at $0.00000109 - CoinPedia Analytics

PEPE has surged over 12% in the past week, trading at approximately $0.0000107 by mid-October. This recovery follows a recent dip, restoring market confidence as PEPE tests a key resistance level at $0.00000109. The influx of liquidity and consistent buying pressure suggests growing optimism among traders.

On the technical side, PEPE's chart exhibits a bullish pattern, marked by higher highs and higher lows. The RSI remains neutral, signaling room for further movement. Additionally, the formation of a ‘golden cross’—where a short-term moving average crosses above a long-term one—points to a potentially bullish future.

If PEPE breaks through the $0.00000109 resistance, it could aim for the next target of $0.00000112. However, the rise of a new altcoin, RCOF, with predicted gains of 1,000%, could overshadow PEPE’s performance.