Is it a good time to buy $PEPE now?
Let's analyze the chart and find out!
The PEPE market is currently showing strong bullish signals; however, the approaching overbought conditions suggest a potential for volatility or pullback in the near term.
The price is currently positioned above all three moving averages which is a strong bullish indicator.
The RSI is nearing the overbought threshold but is not quite there yet. This indicates strong buying momentum, but also suggests that the price might be nearing a potential pullback or consolidation phase as traders might start taking profits.
Entry Points: If you're not already in a position, consider waiting for a minor pullback or consolidation. Entering at the current level carries the risk of buying near a temporary peak if a pullback occurs due to overbought conditions.
I personally going to wait before enter again.
Let me know your thought about!