Pepe (PEPE) price in-depth analysis
From the four-hour time frame, the price of PEPE is still actively trading below the 100-day simple moving average (SMA), which is a clear sign that it may be about to usher in a stronger round of gains.
The four-hour moving average convergence/divergence (MACD) indicator also sends a signal that PEPE may rise, as the MACD histogram shows signs of moving above the MACD zero line. In addition, although both the MACD line and the MACD signal line are below the zero line, the MACD signal line seems to be trying to cross the MACD line, which indicates that the price of PEPE may still continue to rise.
Looking back at PEPE's previous price movement, we can observe that its highest price reached 0.00001731, while its lowest prices were 0.00001313, 0.00001152, and 0.00000888, respectively. These key points are crucial in determining its next move.
If PEPE can continue to break through the $0.0001731 resistance level, it will start a new round of rise and create new highs.
However, if it fails to break through this resistance level, it will start to pull back to the support level of 0.00001313. If the price falls below this support level, it may fall further and test the support level of 0.00001152, and may even test other support levels on the chart. For investors, this will be a test of patience and decisiveness.
