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Potential price increase for PEPE coins detected!
The recent price action of#Pepecoin has shown a steady upward trajectory on the 4-hour chart, with closing prices gradually increasing from $0.00000790 to $0.00000900. The short-term 9 EMA is moving below the 20 EMA. This suggests a bearish trend in the short term. However, the gap between these two moving averages is narrowing, indicating a potential bullish crossover in the near future.
The relative strength index (RSI) rose from a deeply oversold level of 16.67 to 35.07, showing a clear shift in momentum. This increase in RSI suggests that PEPE may be experiencing a reversal from its recent lows, with buying interest beginning to outweigh selling pressure.
The MACD indicator, although in negative territory, shows a decrease in bearish momentum. Meanwhile, the MACD histogram is contracting, indicating that the bearish trend is losing momentum. If this trend continues, we could see a bullish MACD crossover, further supporting the potential upward move.