#Pepe

Trade Pepe now . . bullish run is coming❤❤❤❤❤❤$PEPE

𝙋𝙚𝙥𝙚 𝘾𝙤𝙞𝙣 𝙋𝙧𝙞𝙘𝙚 𝘾𝙧𝙖𝙨𝙝𝙚𝙨- 𝘽𝙪𝙩 𝙃𝙚𝙧𝙚’𝙨 𝙒𝙝𝙮 𝙋𝙧𝙞𝙘𝙚 𝙈𝙖𝙮 𝙍𝙚𝙗𝙤𝙪𝙣𝙙 𝙎𝙤𝙤𝙣

Pepe Coin price continues its strong downtrend this week, accelerating a trend that started on July 22 when it peaked at $0.00001465. This pullback has coincided with that of Bitcoin and other altcoins.

However, the positive funding rate, robust whale activity, and exchange outflows point to a potential Pepe price rebound in August.

The daily timeframe chart shows that the Pepe Coin price has fallen in the last five consecutive days, its longest losing streak in months. This crash has pushed it below the 200-day Exponential Moving Average (EMA).

At the same time, the Relative Strength Index (RSI) has moved from the overbought level of 70 on July 22 to the current 37. This is a sign that it intends to move downwards and retest the oversold level.

Pepe will get to the oversold level possibly when it drops and retests the ascending trendline that links the lowest swings since March 11 last year. It has always bounced back whenever it drops to that trendline.

For example, it rallied by 71% when it dropped to that trendline in June last year. Before that, it jumped by 166% after retesting the trendline in April of this year.

Therefore, it is likely that the Pepe price will drop to the ascending trendline and then bounce back. The initial target will be the July high of $0.00001465, up by 37% above the current level. A move above that price will point to more upside to the year-to-date high of $0.000016, which is up by 56% from today’s level.