Pepe (PEPE) has just started: Exciting analysis

In an analysis, it was stated that the bull flag formed on the Pepe (PEPE) chart gives a bullish signal in the short term.

In an analysis, it was stated that the bull flag formed on the Pepe (#PEPE ) chart gives a bullish signal in the short term.

PEPE, inspired by the Pepe the Frog figure and shown as a rival to #Dogecoin (DOGE), has decreased by nearly 10 percent in the last 24 hours. Despite the decline in question, it was claimed that PEPE gave a bullish signal.

In the analysis prepared by AMBCrypto, it was stated that a flag formation indicating an increase in PEPE was formed. The analysis predicted that if the formation works, the PEPE price could reach $0.00001725 and increase by nearly a thousand percent.

Popular memecoin Pepe (PEPE) has lost over 20 percent of its value since August 24. Could things be changing for PEPE, which has failed to attract the attention of memecoins?

AMBCrypto stated that the decline in the PEPE price should not be deceiving, and that the rise has just begun. The analysis said:

“PEPE is ready for a rise in the short term as new chart formations emerge. Supportive factors have increased the likelihood of such a recovery.”

The bull flag formation formed on the price chart is known as a frequently used technical model among traders. The formation usually predicts an increase in price after a long consolidation period.

According to the analysis that addresses the formation in question, the PEPE price may reach $ 0.00001725. Increasing volume and the size of the money flow are shown among the indicators supporting the rise.

According to the Moving Average Moving Average Convergence and Divergence (MACD) indicator, individual investors' interest in PEPE has begun to increase. The analysis, which touched on the increasing bullish power of the MACD, showed that the positive zone was touched.

The Chaikin Money Flow (CMF) indicator, which has been steadily rising since August 15, also gave a positive signal. The rising CMF data indicates liquidity inflow in PEPE.