$PEPE
PEPE’s golden crossover hints at an extended rally:
Pepe leads the rally among top meme coins with a 6% surge at press time on Monday, following a silent weekend marked by Doji candles near $0.00001200. Pepe’s recent descending triangle breakout rally gains traction amid increasing bullish signals on the daily chart.
If Pepe exceeds the $0.00001362 resistance level last tested on June 10, it could stretch the rally towards the May 23 high of $0.00001632.
Sidelined investors could consider the 50-day EMA crossing above the 200-day EMA, a sign that a short-term trend is outgrowing the longer-term slowdown. The technical indicators hold a bullish incline with the RSI at 68 nearing overbought conditions and the MACD and signal lines crossing above the zero line.
On the contrary, if PEPE reverses below the $0.00001196 support level last tested on Saturday, it could extend the decline to the 200-day EMA at $0.00001094.
