$PEPE
🚨Pepe bearish momentum gains traction🚨
Pepe price declined by more than 13% last week as a bearish divergence played out. However, it retested and found support around its 50-day EMA at $0.0000113 on the weekend. At the time of writing, it trades around $0.0000115.
If PEPE closes below the 50-day EMA, it could extend the decline to retest its next daily support at $0.0000103.
The RSI on the daily chart reads 44, below its neutral level of 50, indicating bearish momentum. The MACD indicator also displayed a bearish crossover. It also shows rising red histogram bars below its zero line, indicating a correction ahead.
However, if the PEPE price finds support around its 50-day EMA at $0.0000113, it could extend the recovery to retest its daily resistance level at $0.0000121.