PEPE’s market cap has dipped to $3.82B on the 30-minute chart, and the MACD (12,26) shows a recent bearish crossover. The MACD line has fallen below the signal line, and the histogram has flipped red, signaling potential downside momentum building up.
Observations:
MACD Line: Trending below signal, indicating weakening bullish momentum
Histogram: Expanding red bars support the short-term bearish thesis
Volume: Still strong at $1.24B, above the 30-day average of ~$685M
Support zone: ~$3.05B (recent consolidation low)
If PEPE fails to reclaim $3.88B resistance soon, the bearish crossover may trigger further downside toward $3.05B. Bulls should wait for MACD line to curl back upward or flatten near zero for re-entry confirmation.
Observations:
MACD Line: Trending below signal, indicating weakening bullish momentum
Histogram: Expanding red bars support the short-term bearish thesis
Volume: Still strong at $1.24B, above the 30-day average of ~$685M
Support zone: ~$3.05B (recent consolidation low)
If PEPE fails to reclaim $3.88B resistance soon, the bearish crossover may trigger further downside toward $3.05B. Bulls should wait for MACD line to curl back upward or flatten near zero for re-entry confirmation.
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