On the daily PEPE/USD chart, the Relative Strength Index (RSI) shows that bullish momentum continues to rise. At the time of writing, the RSI value is 60.10, and it has not yet entered the overbought zone.
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If the indicator maintains upward momentum, the price may continue to rise to target levels, which are designated as Fibonacci retracement levels (0.236, 0.382, 0.618 and 0.786). These levels are traditionally considered the most likely places for a stop and reversal after a significant price movement in one direction. In addition, they can determine the maximum levels of price movement.
Based on the chart presented, if buyer activity increases, the next target could be a retest of the $0.000012 level and possibly a rise to $0.000014.
However, if traders decide to take profits after the recent price increase, it could drop to $0.000010.
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