PEPE has increased by 130% in just five days.
After recovering from a month-long price range, Pepecoin successfully broke through the resistance level of $0.00001115.
The strong bullish sentiment within the PEPE community has driven its price to a historic high of $0.0000256.
However, PEPE subsequently faced strong selling pressure, falling from this historic high price, with the current trading price at $0.00002012.
Despite the significant price drop, Pepecoin is still in an overbought state, with its relative strength index reaching 74.
It feels that as the momentum of PEPE slows down, when the price touches the 10 MA, market demand may sharply increase, hoping to break through the two immediate resistance levels of $0.00002272 and $0.00002365, thereby setting a new higher historic high.
