PEPE’s price has risen 11% in the last 24 hours, sparking speculation on its potential for further growth. Despite some fluctuations, the current trend remains strong. Recent indicators show that while momentum is easing, the possibility for additional gains persists.

A possible golden cross formation suggests that a shift to a stronger uptrend could be on the horizon, with key resistance levels ahead offering room for continued growth.

PEPE Current Trend Is Still Strong

During the recent price surge, PEPE’s ADX climbed above 50, signaling a strong uptrend. Now, the ADX has dropped to 37, suggesting that the trend is losing strength.

While an ADX above 50 shows high momentum, a value of 37 means the market may be cooling down.

Read more: 5 Best Pepe (PEPE) Wallets for Beginners and Experienced Users

The ADX (Average Directional Index) measures the strength of a trend, regardless of its direction. It ranges from 0 to 100, with values above 25 indicating a strong trend and below 20 showing a weak one. An ADX above 50 means a very powerful trend, while 20-40 suggests moderate strength.

With PEPE’s ADX now at 37, the uptrend is still present but not as forceful as before. This drop in momentum could indicate a potential slowdown or a consolidation phase.

This Metric Shows PEPE Isn’t Overbought Yet

PEPE’s Relative Strength Index (RSI) has risen to 57.39, up from 36 just a day ago. This significant increase suggests growing buying interest and momentum in the market. The rapid jump in RSI reflects a shift from a previously neutral to a more bul

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Author: Tiago Amaral