PEPE price has been riding an uptrend recently, showing promising signs of bullish momentum. However, despite the optimistic outlook, the price has struggled to realize its full potential. 

Negative signals from key network indicators are also clouding the situation. These factors have led to uncertainty about whether PEPE can maintain its upward trajectory or face a correction in the coming days.

PEPE Exhibits Mixed Signals

One of the most concerning indicators for PEPE is the spiking NVT (Network Value to Transactions) ratio, which has reached a four-week high. A high NVT ratio typically suggests that the network is overvalued relative to the number of transactions taking place. 

This is often viewed as a bearish signal because it indicates that the price may not be supported by enough real-world activity on the network. With PEPE’s NVT ratio spiking, there’s a growing risk that its price could face downward pressure. This elevated NVT ratio could hinder PEPE’s ability to sustain its recent uptrend. 

Read more: Pepe: A Comprehensive Guide to What It Is and How It Works

On the technical side, PEPE’s momentum looks stronger. The Relative Strength Index (RSI), a key indicator of market sentiment, shows that the coin’s bullish momentum is picking up. 

After bouncing off the neutral 50 line, the RSI is now trending upward, which supports a potential price increase for PEPE. This suggests that despite some negative signals, the coin still has room to grow in the short term.

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Author: Aaryamann Shrivastava

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