The video analyzes PEPEUSDT, noting it has fallen 32% from a rising wedge pattern. The RSI is currently at 43.73, bottoming out after previously topping out. The trading indicator X1 Wave called a short position at 0.000013, yielding a profit of 23-24%. Currently, PEPE is holding at a support level of 0.00000900, which is considered a psychological barrier. The desired bounce is back up to 0.00001196. Overall, the market has pulled back due to Bitcoin and Ethereum pullbacks and PEPE's price seems to be clinging to major diagonal support. The speaker estimates there is an opportunity for a 15% gain if the price moves up from 0.00001036 to 0.00001196.