PEPE price is currently down 11.34% from its all-time high that it reached just yesterday, as its uptrend begins to lose steam. Its ADX has decreased from nearly 30 to 21.26, signaling a weakening in the strength of its current uptrend.

While the trend remains above the 20 threshold, indicating that some bullish momentum persists, the drop in ADX suggests that PEPE may not continue to rise with the same intensity in the near future.

PEPE Uptrend Is Losing Its Steam

PEPE ADX is currently at 21.26, down from nearly 30 just a day ago, suggesting a decrease in the strength of the current uptrend. ADX, or the Average Directional Index, measures the strength of a trend. Values above 25 typically indicate a strong trend, while values below 20 suggest a weak or weakening trend.

In this case, the drop in ADX from 30 to 21.26 signals that the upward momentum for PEPE is losing strength, which could lead to a potential slowdown or reversal of the current trend.

Since PEPE is currently in an uptrend, the drop in ADX could indicate that the bullish momentum is fading and the trend might lose steam soon.

As long as the ADX remains above 20, the trend is still considered to have some strength. However, the decreasing ADX suggests that the price may not continue to rise as strongly in the immediate future.

PEPE RSI Is Now In The Neutral Zone

PEPE RSI is currently at 50.5, after briefly reaching above 70 on December 7, indicating a shift in market sentiment.

The drop back to 50.5 suggests that the initial overbought conditions have eased, and the momentum is stabil

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Author: Tiago Amaral