PEPE’spricehasrisen11%inthelast24hours,sparkingspeculationonitspotentialforfurthergrowth.Despitesomefluctuations,thecurrenttrendremainsstrong.Recentindicatorsshowthatwhilemomentumiseasing,thepossibilityforadditionalgainspersists.
Apossiblegoldencrossformationsuggeststhatashifttoastrongeruptrendcouldbeonthehorizon,withkeyresistancelevelsaheadofferingroomforcontinuedgrowth.
PEPECurrentTrendIsStillStrong
Duringtherecentpricesurge,PEPE’sADXclimbedabove50,signalingastronguptrend.Now,theADXhasdroppedto37,suggestingthatthetrendislosingstrength.
WhileanADXabove50showshighmomentum,avalueof37meansthemarketmaybecoolingdown.
PEPEADX.Source:TradingView
TheADX(AverageDirectionalIndex)measuresthestrengthofatrend,regardlessofitsdirection.Itrangesfrom0to100,withvaluesabove25indicatingastrongtrendandbelow20showingaweakone.AnADXabove50meansaverypowerfultrend,while20-40suggestsmoderatestrength.
WithPEPE’sADXnowat37,theuptrendisstillpresentbutnotasforcefulasbefore.Thisdropinmomentumcouldindicateapotentialslowdownoraconsolidationphase.
ThisMetricShowsPEPEIsn’tOverboughtYet
PEPE’sRelativeStrengthIndex(RSI)hasrisento57.39,upfrom36justadayago.Thissignificantincreasesuggestsgrowingbuyinginterestandmomentuminthemarket.TherapidjumpinRSIreflectsashiftfromapreviouslyneutraltoamorebullishsentiment.
PEPERSI.Source:TradingView
RSImeasuresthespeedandmagnitudeofpricemovements.Itrangesfrom0to100,withvaluesbelow30indicatinganoversoldconditionandabove70indicatingoverbought.PEPE’sRSIisat57.39,whichisstillcomfortablybelowtheoverboughtthreshold.
Thismeansthepricecancontinuerisingwithouttheimmediateriskofbeingoverextended,establishingPEPEasoneofthebiggestgainersinthelastweekamongthemostrelevantmemecoinsinthemarket.ThecurrentRSIvaluesuggeststhatPEPEcouldmaintainitsupwardmovementbeforehittingoverboughtlevels.
PEPEPricePrediction:ANew25%PriceSurge?
PEPE’sEMAlinesarestillbearish,buttheshort-termlinesareclosetocrossingabovethelong-termlines.Ifthishappens,itwillformagoldencross,abullishsignalthatindicatesapotentialshiftintrendforPEPEprice.
Agoldencrossoftensuggeststhatmomentumisbuilding,andfurtherpricegainsmayfollow.
PEPEEMALinesandSupportandResistance.Source:TradingView
PEPE’snextresistancelevelsareat$0.00001082and$0.00001198.Reachingthesecondonewouldresultinapotential25%priceincrease.
However,iftheuptrendfailsandPEPEentersadowntrend,thepricemightfalltosupportlevelsat$0.00000881oreven$0.00000773.Thismeansthatwhilethereisanopportunityforgrowth,thereisalsoariskofdeclineifmomentumdoesn’tsustain.
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