The price of PEPE (PEPE) has declined sharply over the past 24 hours, and is currently trading at $0.000010, down 3.03% from the previous day. However, the technical indicators are still showing bullish signals, which could help keep the momentum up despite the strong selling pressure.
A glance at the daily chart shows that the price of PEPE has been rising steadily since the beginning of the year, and is now facing resistance at the 200-day moving average. If the price manages to break through this resistance level, it could lead to a further rally. However, if the price fails to break through this level, it could lead to a pullback.
On the other hand, the MACD indicator is showing a bullish crossover, which is a positive sign. The RSI indicator is also showing a reading of 60, which is in the overbought zone. This could indicate that the price of PEPE is due for a pullback.
Overall, the technical indicators are showing mixed signals for the price of PEPE. However, the price is still trading above the 200-day moving average, which is a positive sign. If the price manages to break through the resistance at $0.000012, it could lead to a further rally. However, if the price fails to break through this level, it could lead to a pullback.
Disclaimer: The opinion expressed here is not investment advice - it is provided for informational purposes only. It does not take into account your personal circumstances. Any references to past performance are not necessarily indicative of future results.
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