Let's analyze the next trend of pepe, which I am more optimistic about:
Although the price of Pepe has fallen by about 16% in the past 30 days, it has risen by +388.41% at the beginning of the year. In addition, the transaction price of pepe is 59.28% discounted from its all-time highest price. This highlights that pepe may have a reversal in the coming period.
The convergence dispersion of the moving average (MACD) records the continuous decline in the red histogram. This shows that the buying pressure of pepe in the market has increased. In addition, the average line may record bullish convergence, indicating that the future outlook is optimistic.
Assuming that the longs continue to gain momentum, this may cause the PEPE price to break through its resistance trend line and move towards its upper limit of 0.000001150 USD. On the contrary, bearish action may pull the price of PEPE to its low point of $0.00000625.