PEPE’s price has risen 11% in the last 24 hours, sparking speculation on its potential for further growth. Despite some fluctuations, the current trend remains strong. Recent indicators show that while momentum is easing, the possibility for additional gains persists.
A possible golden cross formation suggests that a shift to a stronger uptrend could be on the horizon, with key resistance levels ahead offering room for continued growth.
PEPE Current Trend Is Still Strong
During the recent price surge, PEPE’s ADX climbed above 50, signaling a strong uptrend. Now, the ADX has dropped to 37, suggesting that the trend is losing strength.
While an ADX above 50 shows high momentum, a value of 37 means the market may be cooling down.
Read more: 5 Best Pepe (PEPE) Wallets for Beginners and Experienced Users
The ADX (Average Directional Index) measures the strength of a trend, regardless of its direction. It ranges from 0 to 100, with values above 25 indicating a strong trend and below 20 showing a weak one. An ADX above 50 means a very powerful trend, while 20-40 suggests moderate strength.
With PEPE’s ADX now at 37, the uptrend is still present but not as forceful as before. This drop in momentum could indicate a potential slowdown or a consolidation phase.
This Metric Shows PEPE Isn’t Overbought Yet
PEPE’s Relative Strength Index (RSI) has risen to 57.39, up from 36 just a day ago. This significant increase suggests growing buying interest and momentum in the market. The rapid jump in RSI reflects a shift from a previously neutral to a more bullish sentiment.
RSI measures the speed and magnitude of price movements. It ranges from 0 to 100, with values below 30 indicating an oversold condition and above 70 indicating overbought. PEPE’s RSI is at 57.39, which is still comfortably below the overbought threshold.
This means the price can continue rising without the immediate risk of being overextended, establishing PEPE as one of the biggest gainers in the last week among the most relevant meme coins in the market. The current RSI value suggests that PEPE could maintain its upward movement before hitting overbought levels.
PEPE Price Prediction: A New 25% Price Surge?
PEPE’s EMA lines are still bearish, but the short-term lines are close to crossing above the long-term lines. If this happens, it will form a golden cross, a bullish signal that indicates a potential shift in trend for PEPE price.
A golden cross often suggests that momentum is building, and further price gains may follow.
Read more: Pepe (PEPE) Price Prediction 2024/2025/2030
PEPE’s next resistance levels are at $0.00001082 and $0.00001198. Reaching the second one would result in a potential 25% price increase.
However, if the uptrend fails and PEPE enters a downtrend, the price might fall to support levels at $0.00000881 or even $0.00000773. This means that while there is an opportunity for growth, there is also a risk of decline if momentum doesn’t sustain.
The post PEPE Price Shows Strength with Latest Surge, Eyes Further Gains appeared first on BeInCrypto.
