$PEPE

The price of the Pepe (PEPEUSD) cryptocurrency has risen in its recent trading at the momentary levels, reaching the test of the resistance level of 0.00001290. This level is a pivotal point for determining the upcoming price direction, especially as it coincides with its contact with the resistance of the simple moving average for the 50 period, with the beginning of a negative crossover appearing in the relative strength indicators, after reaching areas of extreme overbought conditions, exaggeratedly compared to the price movement, which suggests the beginning of a negative divergence forming within it, in light of the dominance of the downward corrective trend in the short term and its trading alongside the trend line.

Therefore, our expectations indicate a decline in the price of the currency during the upcoming trades, as long as the mentioned resistance of 0.00001290 remains intact, targeting the first support level at the price of 0.00001197.

Expected direction for upcoming trades: Downward