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 remains to be buying and selling above the 100-day Easy Transferring Common (SMA) and the trendline.
The token whose complete liquidity is valued at over $38 million and a 24-hour buying and selling quantity of over $4.9 million as soon as dropped beneath the transferring common, touched the trendline, and is at present trending above the transferring common as soon as once more.
As of the time of writing, PEPE remains to be trending above each the 100-day SMA and the trendline. The value is at present buying and selling at $0.00000872, indicating about 3.57% improve within the final 24 hours.
Technical Indicators Reveal Indicators Of Continued Upward Motion For PEPE
4-hour RSI Indicator: Wanting on the Relative Energy 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 remains to be bullish in the meanwhile. Additionally, there’s a divergence between the worth motion and the RSI line as indicated by the pink 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 remains to be bullish.
4-hour Alligator: A have a look at the alligator indicator from the 4-hour timeframe 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 may also be noticed that the worth dropped beneath the alligator line after which moved above the strains once more, suggesting that the worth would possibly proceed to maneuver within the upward path.
Last Notice
At the moment, the worth of PEPE is transferring 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 excessive.
Quite the opposite, if the worth fails to interrupt above this resistance degree, it’ll begin to transfer downward towards its earlier help degree of $0.00000756. And if it breaks beneath the help degree, it would even transfer additional in direction of the $0.00000591 help degree.
Featured picture from iStock, chart from Tradingview.com