PEPE On Fire: Technicals Hint at More Gains Ahead
Pepe (PEPE) has posted five consecutive green daily candles, a move that has not gone unnoticed in the meme coin trading arena. The price has climbed from $0.00001112 to $0.00001454 over the last few sessions, with short-term moving averages showing a clear uptrend. The 9-day EMA continues to widen above the 20-day EMA, confirming that momentum is accelerating in favor of the bulls. MACD signals reinforce this sentiment. The histogram has been increasing steadily, which suggests that the bullish trend is not just present but strengthening. This kind of widening divergence between MACD and signal lines typically points to strong continuation patterns rather than exhaustion. Pepe RSI Stays in Overbought Territory — But That’s Not a Red Flag Yet The Relative Strength Index (RSI) has remained above the 70 level, reaching as high as 84.8. While traditionally viewed as a warning for overbought conditions, in the context of meme coin rallies, this often signals the beginning of explosive momentum rather than its end. Traders should interpret this as heightened demand, though caution is always warranted when RSI holds extreme values for too long. Daily chart for PEPE/USD (Source: GeckoTerminal) As PEPE pushes higher, the next resistance level sits at $0.00001671. This is the immediate target for bullish traders and could act as a short-term barrier. If this level is breached, PEPE may attempt to retest higher resistance at $0.00001926 and $0.0000203, both of which coincide with past liquidity zones that triggered rejections in earlier cycles. Momentum traders should monitor price behavior at these thresholds. A clean break above $0.00001671 with strong volume could serve as a bullish continuation signal, while rejection at this level may prompt a temporary cooldown or consolidation. Key Support Levels That Must Hold On the downside, PEPE has successfully flipped $0.00001442 into a support level. If the price corrects, this area could act as a staging ground for bulls to regroup. Below that, more substantial support sits around $0.00001148, with $0.00001145 acting as the last line of defense for the current bullish structure. A breakdown below these levels could trigger a deeper pullback and shift short-term sentiment bearish, especially if it’s accompanied by a flattening MACD and a declining RSI. Trade Setups: Long and Short Considerations For long traders, a retest and bounce from the $0.00001442 area may offer a compelling entry with a target near $0.00001671. A breakout above that level could open the door for a momentum-based trade targeting the $0.00001926–0.0000203 zone. Stops could be considered just below $0.00001400 to minimize downside exposure. Short traders may look for signs of rejection at or just below $0.00001671, especially if accompanied by declining volume or bearish divergence on shorter timeframes. Alternatively, a confirmed break below $0.00001442 with increased selling pressure might serve as a trigger for downside setups. Conclusion: Bulls in Control, But Stay Sharp The technical landscape for PEPE on the daily chart remains bullish, with both moving averages and oscillators supporting further upside. However, traders should keep an eye on resistance zones and overbought conditions that could lead to short-term corrections. Momentum remains king in the meme coin sector — and for now, PEPE appears to have it. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company. Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations. View all posts