PEPE surged 12% in the past 24 hours, with daily volume exploding by 182% to reach $305 million. The memecoin market rebounded strongly, with its market cap rising 13% to $25 billion. PEPE is currently testing horizontal resistance between $0.00000290 and $0.00000300, corresponding to the neckline of an inverted head-and-shoulders pattern. To confirm the bullish trend, the memecoin must turn this neckline into support, with a target at $0.00000350, otherwise the move may be considered a pullback within a larger bearish market.
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