PEPE Price Prediction: Stalling at Resistance with Bearish Momentum

PEPE is trading near the upper Bollinger Band resistance at $0.00000236, but technical indicators suggest that it may be due for a pullback rather than a breakout.

The MACD histogram is showing bearish momentum despite the price holding firm near resistance, which is often a sign of an impending rejection.

According to Rongchai Wang, the market context suggests that PEPE's current setup is more likely to resolve bearishly, with a 60-65% chance of a pullback in the near term.