PEPE shows signs of a potential trend change, attracting traders' attention. This article examines possible short-term changes based on technical analysis.
Current PEPE Price Structure Analysis
Recent price changes of PEPE indicate a possible upward trend. The latest candles on the daily chart show small green candles, indicating a weakening of the selling momentum. The price closed at 0.00001033, reflecting a 6.14% increase. This small yet significant change for the coin.
Significance of RSI Indicators
The current RSI value is around 49.68, indicating a lack of overselling. The crossing of the RSI level at 50 may signal potential price growth. For example, in early May, when RSI jumped from 30 to 60, the price surged by 140%.
Short-Term Forecast and Target Levels
Based on Fibonacci calculations, a target level could be the range of 0.00001150 - 0.00001200, provided PEPE stays above 0.00001050. If the price reaches the area of 0.00001500, it may confirm positive trader interest.
According to current data, PEPE shows early reversal signals with potential for short-term growth. However, confirmation is needed through supporting indicators like volume increases and maintaining RSI above 50.
