PEPE price targets its highest level since May 2024
2024-11-13

PEPE price has been on a strong rally, climbing nearly 60% over the past seven days. The bullish momentum has been fueled by positive technical indicators, including supportive EMA lines and a healthy RSI level.

However, some signs suggest that while buyers remain in control, the intensity of the uptrend may be starting to moderate.

PEPE’s Relative Strength Index (RSI) is currently at 60.56, down from nearly 80 just a few days ago. This decrease indicates that the buying pressure has eased significantly after reaching overbought conditions.

PEPE’s EMA lines are currently displaying a very strong bullish configuration, with short-term EMAs positioned above long-term EMAs, and the price sitting comfortably above all of them.

If the uptrend continues, PEPE could test its next resistance at $0.00001580. Should this resistance be broken, the price could potentially climb to $0.00001726, which would be its highest level since May—a move representing a possible 30.85% increase.

However, if the bullish momentum fades and selling pressure emerges, PEPE price could correct down to a support level of around $0.00001084.

If this support fails, the price could drop further to $0.0000089, marking a potential 32% decline from current levels.