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- 1 Pepe crypto price forecast demonstrates the bullishness in the recent trading session.
- 2 The crypto is trying to break the key moving averages to start the bullish rally.
- 3 Pepe crypto price is in bullish influence, bears dominated the daily technical chart.
PEPE crypto price is trading in the bullish momentum heading upward. However, the 200-Day EMA curve is still a big hurdle for recovery
PEPE crypto has been on a downward trend for a prolonged time, however, it gained about 23.50% in a week, partially recovering damages.
However, last month’s returns were 6.64% and the crypto is down by almost 11.42% in the last 3 months. The previous 6 months’ returns are 3.19% and year to date it is down by 13.91%.
At the time of writing, the PEPE crypto price was $0.00000111212, with an intraday rise of 2.68%, showing bullishness on the charts. Furthermore, the trading volume was around $99.70 Million; the market cap stood at $468.99 Million.
Technical Evaluation of PEPE Crypto Price in Daily Timeframe
PEPE (USD: Pepe) crypto price surged by almost 23.19% last week. If it can hold this level and surge above the key moving averages, the PEPE price could reach the first and second targets of $0.00000112510 and $0.00000145879 respectively.
At the time of publishing, PEPE crypto (USD: Pepe) is trading below the 100 and 200-Day EMAs (exponential moving averages), which are supporting the price trend.
Moreover, if buying volume increases, the price might break through EMAs by making the higher-highs structure. Therefore, PEPE is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 58.21 points. The 14 SMA is above the median line at 41.86 points, indicating that the PEPE crypto is bullish.
The MACD line and the signal line are heading towards the zero line. A bullish crossover is observed in the MACD indicator which signals more bullishness for the Pepe crypto price.
Summary
PEPE (USD: Pepe) moving with bullish momentum. The MACD, RSI, and EMA are signaling bullish indications and suggest that the positive trend may start in the Pepe crypto price. Moreover PEPE crypto can go high if it gets the desired support from bulls.
Technical Levels
Support Levels: $0.00000087579 and $0.00000061542
Resistance Levels: $0.00000116305 and $0.00000145879
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.