$PEPE update on 1D is bullish
Updated
PEPE is currently in a rising channel, heading towards a target of 1300.Support and resistance levels are strong, with both the MACD and RSI in an uptrend. While
PEPE is moving up, this momentum appears to be short-term. The MACD is already high, and the RSI is nearing overbought levels, suggesting a likely rejection around 1300, after which these indicators will need to reset for the price to potentially overcome this resistance.Look at the chart to identify key support levels—
PEPE is expected to bounce off them while the RSI and MACD reset. Compared to other altcoins, PEPE has pumped faster, meaning it will likely consolidate for several weeks after this short-term rise. A strong rejection at 1300 is highly probable.Despite this, the overall trend remains bullish. With a bottom formed at 600,
PEPE appears to be in an uptrend that could last for several months.Trade active
After a long and painful correction, PEPE is waking up. The best and most controversial meme coin isn’t dead! Altcoin season is starting, and my prediction remains valid—it just took a bit longer than expected.
On the daily chart, we’re re-entering the rising channel and need to establish it as support, meaning we need to stay above 0.00001100.
If we can maintain this level, we’ll have a few days to reset the RSI and MACD, and then a pump to 0.00001400 looks likely.
Remember, the stages of alt season are:
First, ETH pumps
Then, Meme and NFT coins
Next, DeFi, Layer 1, and Layer 2 tokens
Finally, Gaming and more
On Weekly, we are about to have a MACD bullish cross, that means that the pump is about to begin!
Trade closed: target reached
x3 sent! That was another good idea.
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