$PEPE update on 1D is bullish
2024-10-15

CRYPTOCAP:PEPE  is currently in a rising channel, heading towards a target of 1300.

Support and resistance levels are strong, with both the MACD and RSI in an uptrend. While  CRYPTOCAP:PEPE  is moving up, this momentum appears to be short-term. The MACD is already high, and the RSI is nearing overbought levels, suggesting a likely rejection around 1300, after which these indicators will need to reset for the price to potentially overcome this resistance.

Look at the chart to identify key support levels— CRYPTOCAP:PEPE  is expected to bounce off them while the RSI and MACD reset. Compared to other altcoins,  CRYPTOCAP:PEPE  has pumped faster, meaning it will likely consolidate for several weeks after this short-term rise. A strong rejection at 1300 is highly probable.

Despite this, the overall trend remains bullish. With a bottom formed at 600,  CRYPTOCAP:PEPE  appears to be in an uptrend that could last for several months.
