PEPE price surges 15%, the momentum is fierce, can it touch 1 dollar?
#山寨季将至? PEPE price is soaring, with strong momentum. Looking at the indicators, the upward trend is becoming increasingly evident.
The ADX index is steadily showing that the upward trend has strong momentum, and the 7-day MVRV also indicates that before the big surge, there is still potential to be tapped.
If this momentum can be maintained and a golden cross forms, PEPE price will likely continue to rise. However, if there are fewer buyers, a correction is also possible.
PEPE's surge is indeed quite fierce.
PEPE's ADX index has soared to 32, up significantly from below 20 a few days ago, indicating that the upward momentum is getting stronger. The ADX is used to assess the strength of the trend, not the direction.
Generally, an ADX above 25 indicates a strong trend, while below 20 suggests a weak market with no clear trend.
PEPE price prediction: Can this momentum be sustained?
PEPE's EMA line does not look very optimistic right now, with the short-term EMA below the long-term EMA, indicating recent pressure is a bit high. However, the recent rise in PEPE has brought these two EMA lines closer together, suggesting the situation may be improving. If the trend can continue, a golden cross may come soon, where the short-term EMA surpasses the long-term EMA, which is a bullish signal and typically follows a big surge.
If the upward momentum of PEPE can be maintained, the price may touch a resistance level of around $0.00001082. If this momentum fades, the price may fall back to a support level of around $0.0000088, or even lower, possibly down to $0.0000077.
Can PEPE reach 1 dollar?
PEPE's current circulating supply is astronomical, at 420.69 trillion! Because of this large supply, raising the price is not easy. If it really can reach 1 dollar, the market capitalization would have to be 420.69 trillion dollars, just thinking about it is frightening. At its peak, Bitcoin's market cap was only around 1.2 trillion dollars.
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