When will pepe reverse?
The rise of pepe price depends on whether it can break through the key resistance level. Now pepe is at a lower point.
Since May 20, the price of pepe has fallen back to 33.53%, and the new support point is $0.000015. pepe has been consolidating near the support point for more than 6 days, and the upward momentum in the bull market is relatively strong. The price is also rising slowly. The exponential moving average is at EMA50/100. Surprisingly, the trend of EMA50 days is higher than EMA100 days, so the trading volume of pepe has been climbing.
From RSL, it can be seen that it points to the slightly overbought area, indicating that the upward trend is obvious after a short consolidation, and the support point and the indicator are both upward trends.
From the trading volume of pepe and the closing contract signal of the US dollar exchange, it is bullish
The trading volume of pepe has maintained a daily trading volume of 2.4-3.5 billion US dollars since the 28th. This also shows that the market's investment interest and trading in pepe have increased.
Although the holders have recently made a large shipment, the buying and selling prices are the same. This is equivalent to increasing the trading activity of pepe.
What other conditions are needed for peep to rise?
Technical indicators and rising holders, plus positive liquidity, have become the market's optimistic outlook for pepe.
If pepe breaks through $0.0000132, it will continue to rise.
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