Pepe Price has printed a clearly falling wig pattern with multiple bounces in both support and resistance. Price is floating near the Wedge Apex and is just above a key support zone below $ 0.00001. A bullish breakout would probably send it to the $ 0.0000135 resistance zone to $ 0.000014 where previous liquidity is merged. Although the RSI has shown a bullish divergence, the Ichimoku cloud shouts some worries.
The conversion line has fallen and maintains a steep falling trend while the cloud has turned to Bearish. This suggests that the Pepe price continues to be confronted with considerable sales pressure, while the volume falls consistently. On the other hand, the MACD also turned Bearish with a decreasing histogram, indicating decreasing bullish strength. Therefore, if the support breaks, the support of $ 0.000095 could be tested, or otherwise a bullish continuation could help to reclaim the price $ 0.0000115 to $ 0.000012.