PEPE (PEPE/USDT) has been quite bullish in the recent past. It has evidenced by a bullish surge that took the price past the upper Bollinger Band. After its surge to a high level of $0.000020, the price has now slightly retraced, indicating consolidation.
ZackGold16 believes that PEPE should take a temporary break before it starts soaring high again, fuelled by heavy trading volumes and social media trends pegging PEPE as one of the top meme coins.
PEPE Price Bullish Momentum and Overbought Indicators
In recent days, PEPE has surged, crossing over the upper Bollinger Band.
This rise shows a strong buying signal. While trading above the upper Bollinger Band may suggest that the asset might have been overbought in the short term.
PEPE has slightly retreated to $0.000015, this might be a sign of profit-taking or the consolidation period.
Relative Strength Index (RSI) is currently at 67.51 now beyond the midpoint and towards overbought level. Even though it has not reached t
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