Bitrabo Editorial
Despite the recent struggles in the cryptocurrency market, PEPE coin has shown resilience by maintaining its position above the 100-day Simple Moving Average (SMA) and the overall upward trend.
This token boasts a total liquidity value exceeding $38 million with a significant 24-hour trading volume of over $4.9 million. After briefly dropping below the moving average and touching the trendline, PEPE is once again trading above the moving average.
Currently, PEPE is trading at $0.00000872 with a 3.57% increase in the last 24 hours, holding steady above both the 100-day SMA and the trendline.
PEPE’s Positive Technical Indicators
4-hour RSI Indicator: The Relative Strength Index (RSI) on the 4-hour timeframe indicates a bullish trend as the RSI line is above the 50-level. However, a divergence between price action and RSI suggests a potential future price decrease.
This positive momentum is further supported by the MACD indicator showing both lines crossing above the zero line and the histogram above zero, indicating a continuing uptrend. Additionally, the alligator indicator also points to a bullish sentiment.
Potential Price Movements for PEPE
PEPE’s price is approaching the resistance level of $0.00000916, and a successful breakthrough could lead to retesting its all-time high. Conversely, failure to surpass this resistance level may result in a downward movement towards the $0.00000756 support level, and potentially even lower to $0.00000591.
Overall, PEPE coin shows promising signs of sustained growth and positive price movements in the near future.