Pepe ($PEPE) has stabilized after a prolonged bearish phase, forming higher lows that suggest a potential bullish reversal. Traders are closely monitoring the key resistance level at 0.0000048, as a breakout above this point could lead to a significant price surge. Potential targets include 0.0000065, 0.0000088, and 0.0000105. The current support level at 0.0000042 is critical for maintaining the bullish trend. If the price fails to hold this support, the bullish setup may be invalidated, leading to further consolidation or a continuation of the downtrend. Pepe's recent price action indicates a possible recovery, with traders optimistic about a move back toward previous highs.