PEPE's price is at a critical juncture as it hovers around $0.00000069, following a rebound from a recent low of $0.00000066. Analysts are observing both bearish and bullish head-and-shoulders patterns, suggesting potential volatility. A key support zone between $0.00000055 and $0.00000060 is crucial; a break below could lead to a bearish trend, with Fibonacci projections indicating a possible drop to $0.00000185. Conversely, if PEPE maintains its position above this support, it could trigger a bullish reversal, reminiscent of early 2024 rallies. The market is closely watching this support level, which has historically acted as a catalyst for upward movements.