PEPE's price has reached a new all-time high after being listed on Coinbase. However, it has seen a 10% decrease in the last seven days. Indicators like RSI and MVRV suggest there could be further corrections as bullish momentum weakens. A potential death cross in the EMA lines could push PEPE to key support levels, but a trend reversal could lead to testing resistances and aiming for a new all-time high. The RSI has fallen, indicating weakening bullish momentum, but it hasn't reached oversold levels yet. The 7-day MVRV ratio suggests recent holders are at a slight unrealized loss. It historically indicates potential for further correction before an upward surge. The EMA lines display a bearish signal, potentially triggering further corrections. PEPE may fall to certain support levels or challenge resistances depending on market conditions.
- Content Editor ( beincrypto.com )
- 2024-11-27
PEPE Price Drops After 105% Monthly Gains: How Long Will the Correction Last