PEPE's price is showing strong momentum, with indicators suggesting that the trend is strengthening. The ADX reflects a solid upward trend, while the 7-day MVRV ratio indicates further growth potential before large-scale profit-taking occurs.
If momentum continues and a golden cross forms, PEPE may test higher resistance levels. However, if buying pressure weakens, a pullback remains possible.
The current trend of PEPE is strong.
PEPE's ADX has risen to 32, a significant increase from below 20 a few days ago, indicating that the strength of its current trend is increasing. ADX (Average Directional Index) measures the strength of a trend without indicating its direction.
Generally, a value above 25 indicates a strong trend, while a value below 20 indicates a weak market or no clear trend.
With the ADX now reaching 32, PEPE seems to be forming a strong upward trend. This level indicates that there is a large amount of momentum behind the current price movement. The combination of rising ADX with price increases usually supports the argument for a sustained upward trend.
If this trend continues, PEPE may see further price increases as buying pressure remains stable.
The PEPE MVRV ratio indicates an important threshold.
PEPE's 7-day MVRV ratio has surged to 4.7%, a significant increase from -10% two days ago, indicating that recent buyers are now realizing profits. The 7-day MVRV (market cap to realized value) ratio measures the average profit or loss of holders who acquired the asset in the past week.
When this ratio is positive, it indicates that recent buyers are making profits, which can sometimes lead to selling pressure as investors take profits. Conversely, a negative ratio indicates that buyers are at a loss, which may reduce selling pressure.
Recently, PEPE's price has shown corrections when the 7-day MVRV ratio approaches around 9%, as this level typically triggers profit-taking activities.
Given that the current MVRV ratio is still below this threshold, there is room for further price increases before significant selling pressure occurs.
PEPE price prediction: Can it maintain good momentum?
PEPE's EMA line is currently showing a bearish pattern, with the short-term EMA below the long-term EMA, indicating recent downward pressure. However, the recent surge in PEPE's price has narrowed the gap between these EMAs, suggesting that momentum may be shifting. If this trend continues, a golden cross may soon occur, where the short-term EMA crosses above the long-term EMA, which is a bullish signal often marking the beginning of a stronger upward trend.
If PEPE's upward trend remains unchanged, the price may move towards a resistance level around 0.00001082 dollars. Conversely, if the current momentum weakens and a downward trend resumes, PEPE may revisit a support level around 0.0000088 dollars, or even drop to 0.0000077 dollars.
Can PEPE rise to 1 dollar? Is that achievable?
PEPE
The current issuance can be as high as 420.69 trillion! With such a frighteningly large quantity, it's very difficult for it to increase in price. If it really can rise to 1 dollar, the market cap would be 420.69
trillion! Can you imagine? Bitcoin (BTC) had a market cap of around 1.2 trillion at its peak.
Let's talk about the coin burning mechanism, which can help increase coin prices. Coin burning reduces the quantity of coins. If PEPE can burn 99% of its coins, only 4.2 trillion would remain in circulation. In that case, if PEPE rises to 1 dollar, the market cap would be 4.2
trillion. Although this number is still large, with fewer coins, PEPE becomes rarer, and the price could potentially surge.
