Pepe Coin Price Flashes Huge 25% Buy Signal – Is a Massive Rally Next?
The Pepe Coin price has risen by 2% in the past 24 hours, reaching $0.000007081 as the crypto market settles today after a tough weekend.
PEPE is now down by 2.5% in a week and by 16% in the last 30 days, yet the popular meme coin holds on to an 800% increase in a year.
And its recent downturns have now put it in a position where it could begin testing its resistance levels, potentially making a 10% or even 25% gain in the next one or two months.
PEPE has been gaining a little momentum ever since Saturday, when it dropped to a seven-day low of $0.00000644.
Its indicators reflect this increase in strength, yet they still provide space for further gains in the near future.
For instance, its relative strength index (purple) has jumped from about 25 at the start of the weekend to around 65 today.
This signals growing buying pressure, as does PEPE’s 30-period moving average (orange), which is now getting close to the 200-period average (blue).
And if it rises above the longer term average (and forms a golden cross), we could potentially see a breakout.
Because it’s now recovering from a low base, its indicators suggest that it could reach $0.000008 or $0.000009 in the next few weeks.
This would represent increases of roughly 12% and 25%, respectively, which isn’t implausible considering that Pepe Coin has hit an ATH more recently than most other top-100 tokens.
Someone created a new wallet and withdrew 292.97B $PEPE($2.17M) and 273,267 $WLD($391K) from #Binance in the past 20 minutes.https://t.co/6fN9VpX6TX pic.twitter.com/1vvsjxP4oQ
What’s interesting is that whales appear to have resumed accumulating PEPE this month, after the coin spent the end of August plummeting.
This would suggest an expectation of incoming rises, and while
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