$PEPE Price Courts 40% Gains After Breakout From Falling Channel - CoinGape Analytics

The PEPE price broke out of a falling wedge with an explosive 29% move. Despite this bullish action, the daily candle close yesterday did not establish an uptrend, as the high was still lower than the previous. All eyes are on today’s daily candle, if it closes above $0.00001350, an uptrend will be confirmed.

Leading indicators are bullish, hinting that the daily candle close has a high chance of hitting that $0.0000135 target.

The relative strength index (RSI 14) is at 61.14 and heading upwards. This shows Pepe’s bullish momentum is increasing and signals that the asset is on an uptrend. Similarly, the Chaikin money flow (CMF) is above zero at 0.12 and facing upward. This indicates that Pepe’s buying pressure is rising, as confirmed by the surge in daily trading volume. The moving average convergence divergence (MACD) crossed above the signal line on July 14, marking the start of a bullish reversal.

Lagging indicators also confirm Pepe’s bullish trend, with the 21-day, 50-day, and 200-day simple moving averages (SMA) trending below the price. 

PEPE price may surge 41% to $0.00001730, with some minor resistance around $0.000012 and $0.000013. Conversely, support exists around $0.000010 and $0.0000078.