According to U.Today, PEPE, a digital asset, has seen a significant 21% growth in recent days, reaching the $0.00001 threshold. The asset is now aiming to break its all-time high once again. Key factors to watch include moving averages support, an ascending trendline, and momentum indicators like the Relative Strength Index (RSI). The recent surge in PEPE is supported by a strong upward trendline, indicating consistent growth. The 50, 100, and 200 Exponential Moving Averages (EMAs) are also moving up, providing additional support and reinforcing the positive trend.
The RSI is nearing the overbought zone, suggesting that PEPE might experience short-term pauses before continuing its upward trajectory. As long as the RSI remains above the middle line, the bullish trend is expected to continue. The recent increase in trading volume indicates strong buying interest, which is crucial for maintaining the bull run.
Shiba Inu, another digital asset, is currently facing a fundamental resistance level reflected in the 50 EMA formation. The asset is actively battling against it, and recent price action suggests that buyers are keen to overcome it. Despite the surge in trading volume being a positive factor for the asset's price, it does not guarantee an upcoming price rally. If Shiba Inu successfully breaks through, it could signal the start of a more extended upward movement.
Solana, on the other hand, has broken through a key resistance level, securing a position above the 50 EMA. The digital asset has reached the $160 price threshold and even surpassed it. Solana faces its first resistance around $175, a level that has previously acted as a strong resistance. If Solana can break through this, the next target could be $190, another historical resistance level. The recent increase in trading volume indicates strong buying interest, which is necessary to sustain the current uptrend. The RSI is hovering around the midline, suggesting there is still room for growth before hitting overbought territory. Solana’s recent break above the 50 EMA and the $160 mark is a strong signal of potential growth.
