PEPE Hovers Near $0.00001 as TD Sequential Signals Potential Rebound

PEPE, the meme-based token, has held its price around the critical $0.00001 support level amid a "Buy 9" signal on the TD Sequential indicator. This technical signal suggests the potential for a short-term price rebound after a prolonged decline that began around July 23, pushing the token down from $0.00001450 to a low near $0.00000980. As of the latest report, PEPE was trading at $0.00001028, with traders closely watching whether this consolidation near support will lead to a reversal or a deeper correction [1].

The "Buy 9" signal on the TD Sequential indicator, identified by crypto analyst Ali, is often seen as a potential sign of trend exhaustion following a downtrend [1]. According to historical patterns, this kind of signal has sometimes preceded short-term recoveries as selling pressure weakens. The daily chart has shown small upward candles since August 2, indicating some buyer interest, while the $0.00001 support has held firm, suggesting a stabilizing market [1].

Traders are now monitoring whether the price can break above $0.0000125, which could open the path to $0.0000138 and even $0.000015. A successful breakout would require confirmation through follow-through volume, according to technical analysis. Conversely, a drop below $0.0000095 could deepen the bearish trend, potentially pushing the price toward $0.00000880 or $0.00000820, as noted by experienced trader Matthew Dixon [1].

Currently, the price of PEPE is consolidating within a narrow range between $0.00001 and $0.0000095. This sideways movement has seen the RSI bounce from oversold levels near 30 and settle around 42, indicating a possible end to the immediate sell-off [1]. However, whether this is the conclusion of a corrective phase or the beginning of a more aggressive bearish trend remains uncertain.

The market’s next move will likely depend on whether buyers can push the price beyond key resistance levels or if sellers regain control. Analysts remain divided, with some anticipating a short-term rebound and others warning of a deeper pullback if momentum fails to build. The TD Sequential signal has drawn increased attention, but as with all technical indicators, it should be used in conjunction with broader market context and volume confirmation.

Source: [1] PEPE Holds $0.00001 as TD Sequential Flashes “Buy 9” Signal, Here’s What Analysts See Next (https://cryptofrontnews.com/pepe-holds-0-00001-as-td-sequential-flashes/)