Do Not Miss This: PEPE Coin Price’s Potential Surge Revealed!

The recent price action for the #Pepe coin 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 has been trending 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) has risen from deeply oversold levels of 16.67 to 35.07, showing a clear momentum shift. This increase in RSI suggests that PEPE might be experiencing a reversal from its recent lows, with buying interest starting to outweigh selling pressure.

The MACD indicator, while still in negative territory, shows a diminishing bearish momentum. Meanwhile, the MACD histogram has been contracting, indicating that the bearish trend is losing strength. If this trend continues, we could see a bullish crossover in the MACD, further supporting a potential upward movement.  

$PEPE faces immediate resistance at $0.00000889, a level that coincides with recent price peaks. A successful break above this level could pave the way for the price to target higher resistances at $0.00001079 and ultimately at $0.00001144, which would signal a strong bullish trend. On the downside, the first line of defense for bulls is at $0.00000855, providing immediate support in case of a pullback. Below this, critical support levels are at $0.00000838 and $0.00000832. A break below these supports could indicate further downside potential, making these levels crucial for maintaining the current upward momentum. #Memecoins #altcoins #MemeWatch2024
The full analysis and trade strategy were originally posted on www.ecoinimist.com.