$PEPE
Explosion in PEPE Price – A Crazy Surge Surprises the Market!
PEPE/USDT records a rocket jump of +41.63% within just 24 hours, reaching a level of 0.00001167, which is one of the highest levels it has reached recently, with a massive trading volume of 43.47 trillion $PEPE .
Technical Analysis:
• Moving Averages (MA):
The price has surpassed the short-term moving averages MA(7), MA(25), and MA(99), indicating a strong upward trend and a sign of positive momentum entering strongly.
• Relative Strength Index (RSI):
The RSI (6) value exceeded 88, which is a clear overbought area, indicating significant buying momentum, but it may suggest the possibility of a correction soon.
• The Last Candle:
A long green candle confirms the entry of strong liquidity, and it may be the beginning of a new upward wave if it holds above the area of 0.00001050.
Watch Levels:
• Important Support: 0.00000820 – Breaking it may open the door for a deeper correction.
• Upcoming Resistance: 0.00001200 – Breaking it may push the price towards new historical levels.
Conclusion:
PEPE is making a strong comeback in the scene, driven by extraordinary momentum and increasing interest from the community. However, with the clear overbought condition, we advise caution and monitoring the price at every new peak.
