$PEPE

The price of the Pepe (PEPEUSD) coin has risen in its recent trades at immediate levels, reaching the resistance level of 0.00001290, a pivotal point for determining the upcoming price direction, especially as this coincides with its contact with the resistance of the 50-period simple moving average, with the beginning of a negative crossover appearing in the relative strength indicators, after reaching areas of extreme overbought conditions, excessively compared to price movement, indicating the start of a negative divergence forming, amid the dominance of the downward corrective trend in the short term and its trading alongside the trend line.

Therefore, our expectations indicate a decrease in the price of the coin during its upcoming trades, as long as the mentioned resistance level of 0.00001290 holds, targeting the first support level at a price of 0.00001197.

Expected direction for upcoming trades: bearish