PEPE Halts Decline Before Key Support Level: What Does the RSI Signal Reveal?

PEPE has dropped 8% in the past 24 hours, currently priced at $0.059731. Interestingly, despite depreciating against the US dollar, it has risen 5.7% against BTC and 1.7% against ETH—indicating that this drop is mainly due to USD strength, not an issue with PEPE itself.

What about the technicals?

The RSI has fallen into the 24-25 oversold range, which usually signals heavy selling pressure. On the other hand, this is also a sign of a potential rebound—historically, the RSI rarely stays in this range for long.

The support level is solidly at 0.059607, while the upper resistance is at 0.00001065 (this number looks a bit odd, possibly a typo), creating an extremely narrow trading range. The MACD is also hovering in negative territory, further confirming the downward momentum.

What’s the next move?

The key is whether the support can hold. If it breaks below 0.059607, there could be further downside. But in such an oversold environment, a sudden rebound wouldn’t be surprising—that’s why many people are laying in wait here.

That’s just how the crypto market is right now: the hardest-hit tokens often bounce back the fastest.