PEPE Flashes Reversal Signal To Recoup The 800 EMA, What This Means For Price
Meme Coin Pepe shows signs of appearance in the market There is uncertainty at the moment. Pepe’s expected breakout of 800 EMA reflects this bullish sign, a sign of bullish reversal.
This bullish Pepe case Be noticed first By a crypto analyst known as Slick on social media platform X. 800EMA, it has always been Significant resistance level of PEPE The price uptrend, now extended its long time, is being tested again.
pepe Eyes 800 EMA breaks through weeks
Pepe Redefine its short-term trajectory. This critical technical level is emphasized through technical analysis of the 800 EMA indicator.
Related Readings
Pepe has been trading below 800 EMA since January 19, and despite several attempts to break the higher trend, this trend still lowers the price. However, recent price action suggests that this extended bearish structure may be about to end.
The moving average is more than before. The current setting shows a stronger alignment between short-term and long-term EMAs, which indicates weak resistance and increases the probability of an upward breakthrough. However, this attempt to surpass the 800 EMA is most convincing on the 15-minute candlestick schedule and has not yet been noticed on the larger schedule.
Will this snowball become a larger time range?
The question is whether Pepe’s breakthrough attempt above the 800 EMA on the 15-minute chart will see a greater shift in momentum across higher time frames. Short-term breakthroughs like this are primers for major trend reversals, especially when they are consistent with technical indicators such as exponential moving average (EMAS).
Related Readings
one Successfully break through here The level of the time frame can be increased, which means long-term bullish momentum. However, even within 15 minutes of candlestick time, there is still a risk of PEPE price rejection of 800 EMA. As shown in the above image, this rejection has been It happened twice this monthonce in early January and 11th.
However, the current test is more special, as other EMAs, including 200 EMAs, are now closer to the breakthrough that failed before. This alignment suggests that resistance may be decreasing and increases the likelihood of decisive movement higher.
At the time of writing, Pepe is trading at $0.000009829, up 3.13% over the past 24 hours. The increase in the past 24 hours is a positive signal of Pepe’s breakthrough from 15 minutes to a larger schedule.
However, there is still work to be done, as Pepe is currently down 3.85% over the course of seven days. have It’s also a significant resistance At a price of $0.00001019, any further uptrend movement may be delayed.
Featured images from Istock, charts from TradingView.com
