Despite the recent crypto market decline, PEPE coin has remained resilient, trading above key technical indicators.
Technical Analysis
100-Day SMA and Trendline:
PEPE has consistently traded above its 100-day Simple Moving Average (SMA) and trendline, indicating a positive trend.
RSI Indicator:
The 4-hour RSI is above 50, suggesting bullish sentiment. However, a divergence between price and RSI indicates a potential future price drop.
MACD Indicator:
The MACD line and signal line have crossed above the zero line, signaling a continuation of the uptrend. The MACD histogram is also positive, supporting the bullish outlook.
Alligator Indicator:
PEPE is trading above the alligator lines, indicating upward momentum. The recent dip below the lines suggests a potential continuation of the uptrend.
Outlook
PEPE is approaching a resistance level of $0.00000916. If it breaks through this level, it could retest its all-time high. However, if it fails to break resistance, it may decline towards its support level of $0.00000756. A break below support could lead to further declines towards $0.00000591.
