PEPE’s market cap is testing the 0.236 Fibonacci retracement level ($3.76B) after a strong upward move from ~$2.91B. The price is consolidating near the swing high at $3.91B, indicating possible exhaustion or gearing up for a breakout.
The MACD remains bullish for now, but the histogram shows waning momentum, suggesting caution.
Key insights:
Current Market Cap: $3.83B
Key Resistance: $3.76B (0.236 Fib) and $3.91B (local high)
Support Zone: $3.52B (0.618 Fib level)
MACD: Still in bullish territory, but histogram bars are shrinking
If PEPE breaks and holds above $3.91B with strong volume, the next bullish leg could follow. But a rejection at this level might bring it back toward $3.52B or even $3.42B (0.786). A MACD crossover down would confirm bearish divergence.
The MACD remains bullish for now, but the histogram shows waning momentum, suggesting caution.
Key insights:
Current Market Cap: $3.83B
Key Resistance: $3.76B (0.236 Fib) and $3.91B (local high)
Support Zone: $3.52B (0.618 Fib level)
MACD: Still in bullish territory, but histogram bars are shrinking
If PEPE breaks and holds above $3.91B with strong volume, the next bullish leg could follow. But a rejection at this level might bring it back toward $3.52B or even $3.42B (0.786). A MACD crossover down would confirm bearish divergence.
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