Part 3/7:
Delving into Pepe's price action, recent trends show an astonishing 164% increase since early November, with a notable all-time high reaching about $0.0025. Currently, it faces resistance levels that were previously identified during its path of price discovery. In order for Pepe to regain traction toward this peak, it will need to consolidate its position while reinforcing a new support floor in its price action.
Pepe has achieved overbought conditions recently, which is reflected by its relative strength index (RSI) settling at around 60. If the momentum continues in a positive direction, retargeting the prior high of $0.0025, or even attempting to reach $0.00003, is considered a possibility that many traders are watching closely.