Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

• PEPE witnessed an almost vertical rally over the past week
• Conditions could be overextended northward but it does not guarantee a deep retracement

Pepe [PEPE] rallied hard over the past week like many altcoins in the market. However, it was the meme coin that saw the highest gains among Dogecoin [DOGE] and Shiba Inu [SHIB]. FLOKI posted gains almost equaling PEPE in the past week.

Is your portfolio green? Check the Pepe Profit Calculator

A previous analysis of PEPE price action by AMBCrypto drew attention to the fact that the token’s next large obstacle sat at $0.0000011 and $0.0000014. The former level has been flipped to support, will the latter follow the same route?

The bearish order block overhead could stall PEPE’s progress

Crypto markets can be highly volatile, with meme coins sometimes especially so. PEPE rocketed upward and gained 102% over the past seven days and counting. The market structure on the daily chart was flipped bullishly on 23 October after the lower high at $0.00000085 was breached.

At press time, the Relative Strength Index (RSI) signaled heavi

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Author: Akashnath S

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