The PEPE coin is trading at a level close to $0.0000114, recording a daily increase of over +10% with strong trading volumes exceeding $1.4 billion, reflecting clear liquidity inflow and increasing interest from traders.
Technical Indicators:
The price is currently above the short and medium-term moving averages, which reinforces the bullish outlook in the near term.
The Relative Strength Index (RSI) is approaching overbought areas, which may later indicate the possibility of short-term profit-taking.
The MACD gives a positive signal thanks to the bullish crossover, supporting the continuation of the current momentum.
Support and Resistance Levels:
First Support: $0.0000098 represents an important pivot area if any correction occurs.
Second Support: $0.0000089 breaking it may return the coin to a sideways trend.
First Resistance: $0.0000116 if broken with a strong close, we may see a new wave of upward movement.
Second Resistance: $0.000013 a psychological level that may face significant selling pressure.
Future Expectations:
Based on the current momentum and the increase in trading volume, the short-term outlook remains bullish, especially if the price manages to stay above $0.000011. However, caution should be taken regarding the possibility of quick profit-taking due to indicators reaching saturation areas.
In summary, the PEPE coin shows clear buying strength at the moment supported by high liquidity, which enhances the chances of continuing the upward trend in the short term. However, dealing with meme coins remains fraught with high volatility, so it is advisable to closely monitor support and resistance levels to avoid any sudden reversals.
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