Regardless of the present downturn of the crypto market, PEPE coin has been one of many tokens that’s nonetheless holding robust as its worth continues to be buying and selling above the 100-day Easy Transferring Common (SMA) and the trendline.
The token whose whole liquidity is valued at over $38 million and a 24-hour buying and selling quantity of over $4.9 million as soon as dropped under the shifting common, touched the trendline, and is at present trending above the shifting common as soon as once more.
As of the time of writing, PEPE continues to be trending above each the 100-day SMA and the trendline. The worth is at present buying and selling at $0.00000872, indicating about 3.57% enhance within the final 24 hours.
Technical Indicators Reveal Indicators Of Continued Upward Motion For PEPE
4-hour RSI Indicator: Wanting on the Relative Power Index (RSI) indicator from the 4-hour timeframe, it may be noticed that the RSI line is trending above the 50 degree. This means the worth continues to be bullish in the intervening time. Additionally, there’s a divergence between the worth motion and the RSI line as indicated by the purple strains within the picture, which suggests a future potential drop in worth.
4-hour MACD: Wanting on the formation of the MACD indicator from the 4-hour timeframe within the above picture, we are able to additionally see that each the MACD line and the sign line crossed above the MACD zero line suggesting a continuation of the uptrend. Then again, the MACD histogram is already trending above the MACD zero line, suggesting that the worth of PEPE continues to be bullish.
4-hour Alligator: A have a look at the alligator indicator from the 4-hour time-frame exhibits that the worth of PEPE is buying and selling above the alligator strains because the alligator lip and tooth are each above the alligator jaw. It will also be noticed that the worth dropped under the alligator line after which moved above the strains once more, suggesting that the worth may proceed to maneuver within the upward route.
Ultimate Observe
At the moment, the worth of PEPE is shifting towards the resistance degree of $0.00000916 and if it manages to interrupt previous this degree, it would transfer additional as much as retest its all-time high.
Quite the opposite, if the worth fails to interrupt above this resistance degree, it’ll begin to transfer downward towards its earlier assist degree of $0.00000756. And if it breaks under the assist degree, it would even transfer additional in the direction of the $0.00000591 assist degree.
Featured picture from iStock, chart from Tradingview.com
