💥 Will $PEPE Price Recover in June 2024? - CoinGape Analytics

Moving averages analyze market trends by averaging price data over certain timeframes, offering a more balanced perspective. For PEPE, the current signals are mixed.

Short-term Moving Averages suggest a ‘Sell’ signal due to the current price being lower than these averages, indicating a bearish outlook.

Conversely, extended Moving Averages indicate a ‘Buy’ signal, indicating that although the short-term forecast is bearish, the long-term trend is still bullish.

This mixture of signals indicates a careful perspective. While there are immediate challenges, the outlook for the future remains optimistic.
Exponential Moving Averages (EMA) gives more weight to recent price changes.

Although short-term EMAs signal a bearish momentum, the 50-day EMA emphasizes a bullish sentiment in the long-term, regardless of the recent price drops.

The MACD, a momentum indicator, is currently indicating a ‘Sell’ signal. This unfavorable figure indicates a downward trend, predicting that the price could keep dropping in the short run before possibly turning around.

The Relative Strength Index (RSI) measures the speed and change of price movements, identifying overbought or oversold conditions. PEPE’s current RSI is 42.86, placing it in the neutral zone. This suggests no immediate pressure for a reversal, allowing for both upward and downward movements.

Fibonacci retracement levels help identify potential support and resistance points. Resistance levels of Pepe Coin are at $0.000017167881 and $0.000021054328, and support levels are at $0.000008487254 and $0.000005877938.

To confirm a recovery, PEPE needs to break through the immediate resistance. The support levels can act as a safety net, preventing further declines.