- PEPE has dropped 7% recently but is up 9% over the past week, signaling potential growth.
- With PEPE 72% below its ATH, the upcoming altseason could push it to new highs.
- Bullish signals like MACD crossover, rising OBV, and strong RSI suggest a reversal is near.
- Trading above key EMAs and forming a Golden Cross indicates continued upward momentum.
Pepe Coin (PEPE) faces a short term decline triggered by recent market bearish activity and a huge sell-off in the overall market. Bitcoin’s decline below its crucial $84k support level let the market sink and impact PEPE price along with several major altcoins and meme coins and propelled them to lose their ground, but still PEPE is in the positive price trajectory and poised for a huge uptick in the coming days. Over the past week, PEPE is up by almost 9%, showing bullish signs .
Once the market stabilizes, PEPE will shock everyone and print history with a huge bullish surge. However, looking at the shorter time frame, PEPE hit hard by market volatility and down by almost 7% in the last 24 hours. Currently PEPE is trading at $0.000007840, and also its trading volume is down by 9%, with a 24-hour trading volume of $588.78M.
PEPE reached an all-time high of $0.00002803, it’s now trading 72.21% below that peak. A bullish surge could surpass its previous ATH and set a new record. Altseason is pending but in the progress, and soon it will start. The upcoming altcoin season could push PEPE to new heights.
PEPE’s Bullish Reversal on the Horizon
Looking ahead, PEPE is poised for a major bullish reversal, with several key indicators suggesting an impending “giga pump.” First, the MACD Indicator is about to cross the 0 line, which typically signals an uptick in momentum. This crossover is often considered a strong signal for an upcoming price surge, making PEPE an exciting asset to watch in the near future.
Additionally, the On-Balance Volume (OBV) is rising, indicating that more capital is flowing into PEPE. This is a clear sign of growing buying interest and could further fuel PEPE’s upward momentum.
The Relative Strength Index (RSI) is another key indicator showing PEPE’s bullish potential. The RSI is still in the bullish zone, with room for further upward movement. This suggests that PEPE has not yet reached overbought conditions, leaving space for continued growth.
PEPE has also formed a Golden Cross on the hourly and 2-hour charts, with the 4-hour candle approaching this key bullish formation. Historically, golden crosses precede strong price movements, signaling that PEPE could be gearing up for a significant price increase.
Finally, PEPE is trading above the 50-day and 200-day Exponential Moving Averages (EMAs), which is a strong indicator of a healthy upward trend. This suggests that PEPE’s price is on a steady rise and could continue to increase as market conditions stabilize.
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