Is it Too Late to Buy Pepe Coin? PEPE Price Blasts Up 98% and AI Crypto Platform yPredict Just Hit $2.6 Million – Here's Why You Should Pay Attention
The price of PepeCoin skyrocketed almost 100% in the past month, catching the attention of cryptocurrency market observers.
With the meme coin now stabilizing, many wonder whether the rally will continue or reverse. Technical indicators show a mix of strength and weakness, suggesting the price could go either way.
The 20-day EMA for PepeCoin currently stands at $0.0000013211, while the 50-day EMA is slightly higher at $0.0000014703.
These levels indicate that the meme coin is trading above both its short and medium-term moving averages, suggesting some bullish momentum.
However, with the volume declining for the past 5 days, a significant price movement may be imminent.
The RSI has increased to 62.65 from yesterday's 59.40, pointing to growing buying pressure.
Meanwhile, the MACD histogram has slightly decreased to 0.0000000886 from yesterday's 0.0000000929, indicating that the bullish momentum might be losing some steam.
In terms of market cap and volume, PepeCoin's market cap has risen by 3.71% to $633 million, while the 24-hour volume has declined by 6.31% to $236 million.
This divergence in market cap and trading volume can be seen as a potential warning sign for investors.
PepeCoin currently faces resistance at the Fib 0.786 level, standing at $0.0000016904.
A successful breakout from this level and the consolidation range high at $0.0000017845 could lead to a retest of the next resistance zone between $0.0000020074 and $0.0000021360.
On the other hand, immediate support lies at the Fib 0.618 level ($0.0000015027) in confluence with the 50-day EMA ($0.0000014703).
If PepeCoin breaks down below this support, the next potential level to watch is the Fib 0.5 level at $0.0000013709.
While PepeCoin has made significant gains
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