Pepe (PEPEUSD) declined in its latest intraday trading after being held below the key resistance level at $0.00001430. The price is attempting to gather positive momentum to break through this level, while also working to absorb its clearly overbought RSI conditions, especially with emerging bearish signals. However, bullish pressure persists as the price remains above the 50-day SMA and continues to trade within a short-term uptrend along a supportive ascending trendline.

Therefore we expect the price to rise in upcoming intraday sessions, especially if it breaks through the $0.00001430 resistance level, targeting the next resistance at $0.00001535.

Expected trend for upcoming trading: Bullish.