PEPE’s market cap is testing the 0.236 Fibonacci retracement level ($3.76B) after a strong upward move from ~$2.91B. The price is consolidating near the swing high at $3.91B, indicating possible exhaustion or gearing up for a breakout.
The MACD remains bullish for now, but the histogram shows waning momentum, suggesting caution.
Key insights:
Current Market Cap: $3.83B
Key Resistance: $3.76B (0.236 Fib) and $3.91B (local high)
Support Zone: $3.52B (0.618 Fib level)
MACD: Still in bullish territory, but histogram bars are shrinking
If PEPE breaks and holds above $3.91B with strong volume, the next bullish leg could follow. But a rejection at this level might bring it back toward $3.52B or even $3.42B (0.786). A MACD crossover down would confirm bearish divergence.
The MACD remains bullish for now, but the histogram shows waning momentum, suggesting caution.
Key insights:
Current Market Cap: $3.83B
Key Resistance: $3.76B (0.236 Fib) and $3.91B (local high)
Support Zone: $3.52B (0.618 Fib level)
MACD: Still in bullish territory, but histogram bars are shrinking
If PEPE breaks and holds above $3.91B with strong volume, the next bullish leg could follow. But a rejection at this level might bring it back toward $3.52B or even $3.42B (0.786). A MACD crossover down would confirm bearish divergence.
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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.