PEPE Coin has experienced a recent 7% decline but is still up 9% over the past week, signaling potential growth. With 72% below its all-time high (ATH), the upcoming altseason could push it to new heights.
Several bullish signals suggest a reversal is near, including MACD crossover, rising On-Balance Volume (OBV), and strong Relative Strength Index (RSI). Additionally, PEPE has formed a Golden Cross on the hourly and 2-hour charts, trading above key Exponential Moving Averages (EMAs).
Although market volatility hit hard in the last 24 hours, dropping PEPE by almost 7%, the coin is still poised for a huge uptick. With its 24-hour trading volume down by 9% at $588.78M, PEPE remains in the positive price trajectory.
A bullish surge could surpass PEPE’s previous ATH and set a new record. The upcoming altcoin season is pending but is expected to start soon. As several key indicators point towards an impending “giga pump,” PEPE has become an exciting asset to watch in the near future.
Source: https://www.tronweekly.com/pepes-bullish-reversal-in-the-works-golden-cross-and-strong-rsi-point-to-giga-pump