Currently trading $PEPE at $0.00000917 amid mixed volatility and community sentiment! Everyone is awaiting the next move, so here are the key signals:
✅ Positives (Recovery Indicators)
The buying momentum shift: The Relative Strength Index (RSI) is rising significantly from oversold levels (reached 50.56), indicating a potential shift in buying momentum and an upcoming recovery.
Downward pressure easing: The MACD indicator is turning positive, providing a clear signal of diminishing downward momentum and the potential for a nearby bullish reversal.
Positive flows: PEPE has seen a shift towards net positive inflows of funds (over 655,000 USDT in the past hour), indicating a return of buying interest.
❌ Risks (continued pressure)
Confirmation of a downward trend: The price remains below all major moving averages (EMA), confirming a short-to-medium-term bearish trend.
Risk of retracement: The price is trading below the midline of the Bollinger Bands, indicating continued pressure and the possibility of further retracements towards the lower bound.
Market-wide anxiety: There are warnings and discussions in the community about the possibility of a "meme coin market crash" in general, which could pull PEPE down to critical support levels.
🗣️ Community pulse
PEPE community sentiment is sharply divided:
Optimists are expecting a big "explosion" in price and excellent returns, noting accumulation at current support levels.
The warners are cautioning about a broader decline in the meme coin sector.
Positive development: The inclusion of PEPE in the "Meme Rush" feature on a major Web3 wallet is considered a positive step for ecosystem growth.
Do you think PEPE will be able to rise thanks to recent positive momentum indicators, or will the overall downward pressure prevail? Share your thoughts! 👇
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