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PEPE's performance this week is quite promising. The price has received strong buying support around $0.0000057, then quickly rebounded to around $0.0000065, and is now in a consolidation phase. This rhythm is normal; the market takes a breather before continuing upward. As long as it holds above $0.0000062, there may still be a chance to challenge $0.0000068.
From today's performance, PEPE surged from a low of around $0.000006, peaked near $0.0000068, and then faced selling pressure. Currently, it is fluctuating around $0.0000066. This indicates profit-taking rather than a bearish reversal; some investors are still optimistic about the future trend.
As of now, PEPE is quoted at $0.00000647, with a 24-hour increase of 6.84%. The key is that the retracement after this weekly breakout is very important — the price retraced to the $0.0000059 to $0.000006 range without breaking support, indicating that the support level is quite solid. If this support continues to hold, there is a theoretical chance to target $0.000028. Whether it can break out depends on the trading volume in the coming days.