Pepe token has caught the attention of analysts with a recent 11.40% rise over the past 24 hours despite a weekly decline. Current indicators point to a potential trend reversal.
Potential Rebound Indicators
A well-known crypto analyst, Ali_charts, shared a chart revealing a buy signal from the TD Sequential indicator. This pattern often points to a possible shift in momentum. Observers noted a smaller bullish candle followed a large bearish candle.
Technical Observations
Price data indicates a strong downtrend since November 2024, marked by lower highs and lows. A bullish engulfing candle near 0.00000500 may signal bargain buying or short covering. The MACD (12, 26) remains in negative territory but shows weakening momentum.
Price Performance and Key Levels
At the time of writing, Pepe was trading around $0.0000056475 with a volume of $1,094,942,594. A push above 0.00000620 could lead to testing 0.00000680–0.00000700. A critical resistance level is highlighted at 0.00000750. Failure to maintain recent gains may prompt a return to support near 0.00000525.
Analysts continue to watch for possible trend reversals and confirmation of buy signals for Pepe's growth. Increased market volumes might confirm changes in the overall direction.
