PEPE’s market cap has dipped to $3.82B on the 30-minute chart, and the MACD (12,26) shows a recent bearish crossover. The MACD line has fallen below the signal line, and the histogram has flipped red, signaling potential downside momentum building up.
Observations:
MACD Line: Trending below signal, indicating weakening bullish momentum
Histogram: Expanding red bars support the short-term bearish thesis
Volume: Still strong at $1.24B, above the 30-day average of ~$685M
Support zone: ~$3.05B (recent consolidation low)
If PEPE fails to reclaim $3.88B resistance soon, the bearish crossover may trigger further downside toward $3.05B. Bulls should wait for MACD line to curl back upward or flatten near zero for re-entry confirmation.
Observations:
MACD Line: Trending below signal, indicating weakening bullish momentum
Histogram: Expanding red bars support the short-term bearish thesis
Volume: Still strong at $1.24B, above the 30-day average of ~$685M
Support zone: ~$3.05B (recent consolidation low)
If PEPE fails to reclaim $3.88B resistance soon, the bearish crossover may trigger further downside toward $3.05B. Bulls should wait for MACD line to curl back upward or flatten near zero for re-entry confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.