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PEPE coin trend revealed: breakthrough or collapse?
Recently, PEPE coin has set off a lot of waves in the currency circle!
On the 4-hour chart, its price is rising, and the closing price has soared from $0.00000790 to $0.00000900. This rise is amazing!
At present, the short-term 9EMA is still below the 20EMA for the time being, and at first glance it seems to be a sign of decline.
However, it is worth noting that the distance between the two lines is getting closer and closer, and they may cross at a critical moment. Once they cross, the rising market is likely to start.
Take a look at the RSI indicator again, from the oversold area of 16.67 to 35.07, the change in momentum is like a storm.
This fully shows that the buying power has gradually exceeded the selling power, and PEPE coin may be about to usher in a good opportunity to turn around.
Although the MACD indicator is still in the negative area, the downward momentum has obviously weakened.
The histogram is also shrinking, and the bearish momentum seems to be exhausted.
If this trend continues, maybe one day MACD will cross, and then PEPE coin will inevitably usher in an upward trend again.
However, PEPE coin is currently facing a key difficulty, that is, the strong resistance level of $0.00000889.
Only by successfully breaking through this resistance level can PEPE coin usher in a real surge.
Once it breaks through, there are two important levels waiting for it to conquer, $0.00001079 and $0.00001144.
But if it unfortunately falls, there are also several lines of defense that need to be defended.
The first line of defense is at $0.00000855. If this line of defense is lost, it is necessary to defend the two key positions of $0.00000838 and $0.00000832 with all efforts, otherwise the previous good momentum of the rise may be difficult to maintain.
Where will the PEPE coin go in the future? Will it soar or fall back? Let us wait and see!
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