Pepe inspired by Meme has the attention of merchants again as it shows a noticeable flexibility, as it maintains a company higher than the simple moving average for 100 days (SMA) after a brief decline. This technical force has sparked speculation about whether Pepe is preparing for a continuation of upwards, which could rule its upward momentum.
With the merchants closely monitoring, the collapse above the nearby resistance can make a continuation of the rise, which places the stage for more gains. However, failure to maintain support may turn the momentum in favor of the bears while Bibi hovered into this critical turn.
Pepe price price Action: Slot
Pepe displays a fixed price movement, holding the main support level and maintaining the upscale momentum. After the reversal of its lowest level, the Meme coin managed to stay above the average decisive movement. This stability indicates that buyers are still controlling, preventing deeper retreat and maintaining an upward direction.
Technical indicators continue to support the ups of PEPE. The RSI is in a positive area, which reflects the constant momentum. If the RSI has its current path, it can enhance the issue for more upward trend, indicating that the upper trend has a space to extend it.
The trading volume remained fixed, indicating constant interest from the market participants. However, the upcoming resistance levels will play a decisive role in determining whether Pepe can extend its gathering or a temporary slowdown. In the event of reinforcement of the momentum, the price can be paid towards the resistance level of $ 0.00000766.
The decisive collapse above this level is a strong upward confirmation, which paves the way for more upward trend. If purchasing pressure is intensifying, Pepe may gather towards the following important resistance, attracting more traders looking to take advantage of the upward trend.
Detamental scenario: the main support levels if the momentum turns
While Bibi remains in the ups of the ups, the shift in momentum will open the door to a possible decline. If the sale pressure increases, the first main support for watching is the moving average level that works as a price floor. A break below this level can weaken the bullish confidence and lead to a deeper decrease.
The additional downside increases the risk of a decrease towards secondary support areas such as $ 0.00000589 and 0.00000398 dollars, as buyers may try to regain control. The failure of the bulls to defend these levels will open the door to other support levels to be tested. In addition, decreased volume of size and a declining intersection in momentum indicators such as MACD or RSI can confirm the shift in the feeling.
Currently, the upward trend remains intact, but traders must remain cautious about any signs of weakness. Maintaining these main support areas will be it is very important in determining whether the bulls can maintain control or whether the bears will take responsibility.
