$PEPE fell below the 0.0₅49 level.
After a price breaks below a level, a rebound back to it will usually run into selling from holders looking to break even, so pulling it all the way back up in one go isn’t that simple.
A rally driven by spot buying is more solid than one driven by futures. It’s crucial to see which side is setting the pace.

Don’t take what I’m saying as advice.