PEPE/USDT has recorded a rocket jump of +41.63% in just 24 hours, reaching a level of 0.00001167, which is one of the highest levels it has reached recently, with a massive trading volume of 43.47 trillion $PEPE .
Technical Analysis:
• Moving Averages (MA):
The price has surpassed the short-term moving averages MA(7), MA(25), and MA(99), indicating a strong upward trend and a sign of strong positive momentum entering.
• Relative Strength Index (RSI):
The RSI value (6) has exceeded 88, which is a clear overbought area, indicating strong buying momentum, but it may suggest the possibility of a correction soon.
• The last candle:
A long green candle confirms the entry of strong liquidity, and it may be the beginning of a new upward wave if it remains above the 0.00001050 area.
Monitoring Levels:
• Important support: 0.00000820 – Breaking it may open the door for a deeper correction.
• Upcoming resistance: 0.00001200 – Breaking it may push the price towards new historical levels.
Summary:
PEPE is making a strong comeback, driven by unusual momentum and increasing interest from the community. However, with the clear overbought condition, we advise caution and monitoring the price at every new peak.
