The Pepe (PEPE) cryptocurrency has experienced slow and steady growth, but recently faced resistance from a descending trendline causing a decline in price. However, there was a breakout from the trendline followed by a retest, and the price smashed through key moving averages. The momentum has slowed since then and the price is holding over the 20-day exponential moving average. To trigger a more extended bullish momentum, it needs substantial volume. A crypto analyst, Crypto Bulls God, is optimistic about the future of PEPE coin. The price formation suggests the possibility of another bullish momentum if a breakout occurs. Currently trading at $0.0000103, the price has dropped 2.37% in the last 24 hours. The market capitalization is $4.36 billion with a 24-hour trading volume of $488.77 million. The bearish trend halted in August, and the momentum shifted towards buyers. Surpassing the last swing high could generate a bullish signal, and sustaining above the $0.0000130 mark could lead to strong buying momentum. On the other hand, if the price falls below the 200-day EMA and loses the $0.00000650 mark, sellers may dominate. Technical indicators suggest a bullish trend with the potential for a 60% gain in the next few months, but it's important to monitor the market closely for any changes.



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