PEPE: bounce or break? key levels for the next few days

PEPE
Is the frog getting ready to jump again or is this one more rug for meme hunters?

According to market chatter, meme coins have cooled off after the last hype burst, but PEPE keeps popping up in whale accumulation lists and liquidity pools are still pretty thick. On the 4H chart price is sitting right in a major demand block (that orange zone) where we bounced from before, while RSI is down in the 30s and curling up - classic "sold too hard, too fast" vibe.

My base case is a relief bounce from this box toward the next red supply areas above. If buyers defend this range and we see volume pick up on green candles, I’m eyeing a move first into the 0.00000039 area, then potentially 0.00000042 - 0.00000045. I might be wrong, but for me the setup is simple: ✅ long only inside this orange zone, invalidated if we get a clean 4H close below it, which opens the door for a deeper slide to the next support below. I’m waiting for a reaction wick and stronger volume before pulling the trigger.