$PEPE is a meme cryptocurrency inspired by the iconic Pepe the Frog internet meme. It was launched as an ERC-20 token and gained viral popularity. Unlike utility-focused altcoins, $PEPE thrives on hype and social media trends, so this token is highly volatile.
One of the most popular memecoins. Admit it, does everyone know this frog? Let's see what's going on with the price of this memecoin on the weekly chart and what trend awaits us.
*data from TradingView
Neutral Signals:
RSI (41.51) – No clear overbought/oversold signal.
Stochastic %K (11.72) – Near oversold but not yet extreme.
CCI (-79.11) – Neutral, no strong trend.
ADX (22.10) – Weak trend strength.
Awesome Oscillator (-0.000005) – Flat momentum.
Bull Bear Power (-0.0000048) – Balanced buying/selling pressure.
Ultimate Oscillator (37.27) – Neutral momentum.
Buy Signals:
Momentum (-0.0000064) – Slight bullish divergence.
Stochastic RSI (15.80) – Oversold rebound potential.
Williams %R (-85.73) – Oversold, suggesting a bounce.
Sell Signal:
The moving averages paint a predominantly bearish picture in the short-to-medium term, with some bullish signals emerging in longer timeframes:
Strong Sell Signals (Short-Term):
EMA(10): 0.00000897
SMA(10): 0.00000826
EMA(20): 0.00001084
SMA(20): 0.00001399
EMA(30): 0.00001124
SMA(30): 0.00001293
EMA(50): 0.00001055
SMA(50): 0.00001177
→ Interpretation: The price is trading below all key short-term MAs, indicating strong bearish momentum.
Buy Signals (Long-Term):
EMA(100): 0.00000680 (Buy)
SMA(100): 0.00000695 (Buy)
Hull MA(9): 0.00000655 (Buy)
→ Interpretation: The long-term trend remains bullish, suggesting potential support at lower levels.
Neutral Signal:
Price is below all major short-term MAs, confirming a downtrend.
Oscillators (RSI, Stochastic, CCI) are neutral but near oversold, hinting at a possible minor bounce.
MACD is bearish, reinforcing downside risk.
EMA(50) & SMA(50) are Sell, suggesting continued pressure.
Williams %R & Stochastic RSI show Buy signals, indicating potential short-term relief.
EMA(100) & SMA(100) are Buy, acting as key support zones.
Hull MA(9) Buy signal suggests a possible short-term reversal if price holds above it.
Immediate Resistance: EMA(10) ~ 0.00000897 (Break needed for bullish reversal).
Strong Support: EMA(100) ~ 0.00000680 (Critical level for bulls).
Aggressive Traders: Could look for a bounce near 0.00000680 (EMA 100) with tight stops.
Conservative Traders: Wait for a confirmed break above EMA(20) ~ 0.00001084 before entering longs.
$PEPE is in a short-term downtrend but has long-term bullish support. A breakdown below EMA(100) could trigger deeper correction, while a bounce from current levels may lead to a relief rally.
Recommendation: Monitor MACD crossover & RSI for trend reversal confirmation.
So trade cautiously with tight risk management.
Anyway use stop loss when trading cuz market is unpredictable now.
AND DON’T FORGET: Everything written below is purely theoretical and not a strategy to act on. As always — NFA, DYOR!
And if you’re ready to trade, check out Vooi ! 🚀