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As of September 2024, here’s the technical analysis for $PEPE:
50-Day Moving Average (MA): PEPE's price is currently hovering around $0.000007, showing some consolidation between support and resistance levels. The 50-day MA suggests a neutral to slightly bullish outlook, indicating a stable price near $0.000006999.
200-Day Moving Average (MA): The price sits comfortably above the 200-day MA, reinforcing the possibility of long-term bullish momentum. A continued rally above key resistance levels, such as $0.00001157, could indicate more sustained growth.
Relative Strength Index (RSI): The RSI is around 46.50, indicating that PEPE is in neutral territory—neither overbought nor oversold—allowing room for upward or downward movement depending on market sentiment.
MACD: PEPE's MACD is showing a bullish signal, with momentum building as the MACD line has crossed above the signal line. This suggests potential for upward movement if the price breaks key resistance levels.
Bollinger Bands: PEPE is trading near the middle of the Bollinger Bands, indicating relatively low volatility. However, a breakout above $0.00001157 could push the price higher toward resistance at $0.00001720.
In summary, PEPE is showing cautiously optimistic signs, with key support at $0.000006999 and resistance levels to watch at $0.00001157 and $0.00001720
