$PEPE Coin Price Prediction: Can Bulls Reclaim 50-EMA? - AMBCrypto Analytics

Key technical indicators on the higher timeframe charts, 12-hour, showed strengthening buying pressure.

Notably, the CMF (Chaikin Money Flow), which tracks money flows into the PEPE markets, climbed above the average level, demonstrating substantial liquidity pumped into the memecoin. 

Similarly, the RSI (Relative Strength Index) rebounded from the lower range indicating increasing buying pressure for the meme.

However, in June, the indicator has been range-bound below the mid-range, indicating demand was still muted. 

Further rally could be confirmed if PEPE flipped bullish by moving above trendline resistance (white) and the 50-EMA ($0.0000012). 

So, despite a relief bounce at the golden ratio (50% Fib level), bulls could only have leverage if PEPE reclaimed the 50-EMA.  

Otherwise, in the short-term, a drop to 200 EMA couldn’t be overruled as Bitcoin [BTC] struggled to move beyond $66K.