PEPE Maintains Support Above 50 EMA Indicating Bullish Momentum
PEPE has successfully flipped the 50 Exponential Moving Average (EMA) into support, attracting bullish traders. A solid close above this level indicates potential sustained momentum.
- Buyers are defending the breakout and positioning for further upside.
- PEPE's recent price action reflects renewed confidence in its short-term structure.
- Technical updates highlight a decisive reclaim of a key resistance zone, signaling growing bullish momentum.
- The Relative Strength Index (RSI) is rising at around 63, indicating increasing buying momentum without being overbought.
- If PEPE maintains its position above the 50 EMA, it may trigger an upward move toward previous highs.
- A potential retest of the $0.00001152 resistance level could occur, with further gains targeting around $0.00001313.
