Pepe Price Prediction: PEPE Pumps 9% As Whales Buy This Would-Be Usurper That’s Surging Towards $18 Million In Presale
The Pepe price jumped 9% in the last 24 hours to trade at $0.000009462 as of 9:06 p.m. EST on trading volume that rose 3% to $1.9 billion.
Pepe Price On A Continued Bullish Trend Reversal
According to data from GeckoTerminal , the Pepe price surged in mid-September, as the bulls seem to have won the struggle for dominance from the $0.0000080. After soaring to the $0.00001163 resistance, the price of Pepe then corrected back to the $0.000008411 support, forming what seems to be a rounding top pattern.
The bulls use this support level to stage a bullish trend reversal from the recent correction.
PEPE now trades above the 200-day Simple Moving Average (SMA), which shows that the token may still be on a long-term bullish stance. The 50-day SMA now acts as the immediate resistance at $0.000010253.
The Relative Strength Index (RSI) is moving towards the 50-midline level, currently at 48, which shows that buyers are actively buying.
Moreover, the Moving Average Convergence Divergence (MACD) now soars towards the neutral line, showing that the price of Pepe is currently on positive momentum.
If this momentum is sustained, the Pepe price could soar, as the bulls currently target $0.000012.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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