Chart by TradingView
PEPE seems to be consolidating before a major move.
Key Support levels: $0.0000015, $0.0000011
Key Resistance levels: $0.0000020
Sellers are exhausted, and bulls could take the opportunity and push the price action at any minute. The resistance is at $0.0000020, and if the momentum indicators flip bullish, then a retest of this key level appears imminent. The current support is at $0.0000015.
Trading Volume: The volume remains flat and shows a lack of interest, but this could change soon.
RSI: The 12h RSI appears ready to curve up and move higher. If so, it could break above 50 points to set a higher high.
MACD: The 12h MACD is bearish, but the histogram is making higher lows. Another push from bulls could flip it bullish, and then a rally could follow.
The bias for PEPE is neutral, but bulls could soon take over the price action.
This consolidation under the key resistance is bullish. Sellers had multiple opportunities to take PEPE lower but failed. As such, a test of the key resistance at $0.0000020 seems more likely now.
