🐸 Pepe Coin Posts 23% Weekly Gain – RSI Nears Overbought Zone at 65
🚨 BREAKING: Pepe Coin (PEPE) has surged 23% in the past week, outperforming most altcoins as Bitcoin consolidates near $120K. With its RSI now at 65, analysts warn that PEPE may be approaching overbought territory, but momentum remains strong.
📊 Key Stats:
- Current price: $0.000018
- Market cap: $7.5 billion
- 24-hour volume: $1.5 billion
- RSI (4H chart): 65.2 – nearing overbought zone
🧠 Why It Matters:
- PEPE’s rally reflects renewed interest in meme coins amid Bitcoin’s sideways movement
- Retail traders are driving volume, while whales remain cautious
- Technical charts show a bullish engulfing pattern, suggesting continuation
📈 Technical Setup:
- PEPE broke out of a descending channel on the daily chart
- Immediate resistance at $0.000027 – reclaiming this level could trigger a breakout
- Support sits at $0.000015, with strong buyer interest near $0.0000165
💬 Community Buzz:
“PEPE is leading the meme coin charge again,” says analyst Rudy Fares
Retail sentiment is rising, but caution is advised as RSI nears critical levels
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🔍 What’s Next?
If Bitcoin remains stable and altcoin sentiment improves, PEPE could attempt to reclaim its December 2024 high of $0.0000264. However, traders should watch for RSI divergence and potential profit-taking zones.
📢 Your Move:
Is PEPE just getting started or due for a cooldown?
Drop your thoughts below 👇
PepeCoin #PEPE #MemeCoins #AltcoinRally
