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Don't Miss: PEPE Coin Price Potential Surge Exposed!

PEPE Coin's recent price action shows a steady uptrend on the 4-hour chart, with the closing price gradually rising from $0.00000790 to $0.00000900. The short-term 9-day exponential moving average (EMA) has been below the 20-day EMA, which indicates a bearish trend in the short term. However, the gap between these two moving averages is narrowing, signaling a possible bullish crossover in the near term.

The relative strength index (RSI) has risen from the deeply oversold level of 16.67 to 35.07, showing a clear momentum shift. The rising RSI suggests that PEPE may be reversing from recent lows, with buying interest starting to outweigh selling pressure.

While the moving average convergence/divergence indicator (MACD) remains in negative territory, it shows a weakening of bearish momentum. Meanwhile, the MACD histogram is contracting, indicating that the bearish trend is losing strength. If this trend continues, we may see a bullish crossover in the MACD, further supporting a potential up move.

PEPE faces immediate resistance at $0.00000889, a level that coincides with the recent price high. A successful break above this level could pave the way for the price to move towards higher resistance at $0.00001079 and eventually $0.00001144, which would signal a strong bullish trend. On the downside, the first line of defense for the bulls is located at $0.00000855, providing immediate support for a pullback. Below this level, the key support levels are $0.00000838 and $0.00000832. A break below these support levels could indicate the potential for further declines, so these levels are crucial to sustain the current upward momentum.

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