Hot hours in Pepe 🫣
We see the price action of the PEPE/USDT pair and there is a short-term uptrend. The price has made a strong upward move in the 15-minute period and is moving above the moving averages (MA).
The following points are particularly noteworthy: The RSI (Relative Strength Index) is at 72, which may indicate that the market is somewhat overbought, but there may also be further upside potential despite being in the overbought region. The volume is high and the price is moving upwards, while the volume has also increased.
This indicates that there is momentum behind the move. The short-term moving average (MA7) continues to stay above the long-term moving averages, which supports that the trend is still upward.
In summary, there are signs that the current rise may continue, but a correction may come considering that the RSI is approaching the overbought region. It will be important to pay attention to such indicators before investing.
