PEPE/USDT Buyers Are Regrouping

The Pepe coin has seen a moderate price increase of roughly 4% today. This appears moderate but is sufficient enough to pace the token as the second-most gainful coin on the day as of the time of writing. Also, trading indicators are still positively biased, which indicates that upside forces are still actively pushing the market.

Pepe Statistics:

PEPE Price: $0.00002692

PEPE Market Capitalization: $11.16B

Pepe Circulating Supply: 420.69T

Pepe Total Supply: 420.69T

PEPE CoinMarketCap Rank: 20

Key Price Levels:

Resistance: $0.00002700, $0.00003000, $0.00003300

Support: $0.00002400, $0.00002100, $0.00001800

Pepe Edges Higher

The PEPE/USDT market has been progressing towards higher price levels for the past three sessions. This started when the market rebounded off the 20-day Moving Average (MA) line. The corresponding price candle to the current session has also appeared green, indicating a continued upside correction. Albeit, it is clearly displayed through the size of each successive price candle that bullish momentum is on a decline.

Nevertheless, trading continues above all the MA lines on this chart. Simultaneously, the Stochastic Relative Strength Index (RSI) lines are progressing higher into the overbought region. However, the lead line is already at the 100 mark and, as such, signals that the market may soon reverse a bit. Be that as it may, this may not happen until a crossover is displayed on the indicator.

PEPE/USDT Bulls Stay in Charge

Coming down to a Pepe 4-hour price chart, it is evident that buyers are still mounting bullish pressure. The ongoing 4-hour session has it that the price of the token is still rising. This can be seen through the appearance of the last price candle on the chart, which has appeared green and of moderate size.

Additionally, the mentioned price candle stands above all the MA curves on the chart. Not only that but the lines of the Stochastic RSI are tilted upwards, even though they seem to have merged. The RSI lines are now above the 60 mark of the indicator and, as such, suggest that upside forces may stay in control and propel the market toward the $0.00003000 price level.

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