The cryptocurrency Pepe inspired by Meme has again attracted the attention of dealers, since after a brief retreat, its price keeps a remarkable resilience over an important 100-day average (SMA) via an important key simple moving average (SMA). This technical strength has triggered speculation as to whether Pepe is preparing for a bullish sequel and possibly lit up her upward dynamics.
Since the retailers monitor the price campaign, a breakout above the resistance nearby could confirm a bullish sequel and create the stage for further profits. However, the failure to maintain support can change as a Pepe at this critical intersection in favor of the bears.
Pepe current price campaign: a snapshot
Pepe has displayed a constant price movement that lasts over an important support level and maintains the bullish dynamics. After the Meme coins have been picked up from the last lows, it was possible to stay above a decisive overlap. This stability indicates that buyers still have control, prevent a deeper withdrawal and keep the upward trend intact.
Technical indicators continue to support a bullish view for Pepe. The relative strength index (RSI) remains in a positive area and reflects the continuing purchase dynamics. If the RSI holds its current course, it can strengthen the case for more upward trend, which indicates that the upward trend has space for the expansion.
The trading volume has remained consistent, which indicates a continued interest of the market participants. However, the upcoming resistance values play a crucial role in finding whether Pepe can extend his rally or be exposed to a temporary slowdown. If the bullish impulse reinforces, the price could push for the resistance level of 0.00000766 US dollars.
A crucial outbreak above this level serves as a strong optimistic confirmation and paves the way for further upward trend. If the buying pressure is intensified, Pepe can gather on the next significant resistance and attract more traders who want to use the upward trend.
Bearish scenario: key support levels when the momentum is shifting
While Pepe remains in a bullish area, a shift in the dynamics opens the door for a possible retreat. When the sales pressure increases, the first important support that can be observed is the sliding average level that acts as a price floor. A break under this level could weaken the bullish self -confidence and trigger a deeper decline.
Another disadvantage increases the risk of a decline in secondary support zones such as USD 0.00000589 and $ 0.00000398, with buyers possibly trying to regain control. The failure of the bulls to defend these levels opens the door so that other support levels can be tested. In addition, a decreasing volume and a Bäris transition to impulse indicators such as MACD or RSI could further confirm a shift in the mood.
The upward trend remains intact, but retailers should remain careful before signs of weakness. Keeping these most important support zones is crucial to determine whether bulls can maintain control or whether bears take over.
