Traders of $PEPE use various trading signals and technical indicators to predict price direction. These indicators include:
- Identifying support and resistance levels: to understand market supply and demand and identify trend reversals.
- Chart patterns: for forming trend lines and predicting the next candlestick movement.
- Relative Strength Index (RSI): to measure market momentum and identify overbought or oversold conditions.
- Moving averages: to determine the direction of the trend by calculating the average closing price over a specified period.
- MACD indicator: to predict the trend more accurately using the simple moving average (SMA) and the exponential moving average (EMA).
According to the current analysis:
- Price action is in a downward side, with the price dropping below the horizontal resistance area $0.00.
- The RSI indicator indicates a downward trend with a reading of 0.00, with potential resistance at the 50 line.
- Moving averages indicate a neutral trend in the weekly timeframe.
- The MACD indicator indicates a downward trend in the weekly timeframe.
Despite the declines, the price of $PEPE is still up by 13.30% since the beginning of the year.
