Pepe Coin demonstrates resilience with upward momentum despite a recent price dip. The token's price action suggests a potential rally towards new resistance levels, fueled by increased on-chain activity and bullish technical indicators. Sustained user engagement will be crucial for Pepe to maintain its upward trajectory.
Trading at $0.00002102, down by 1.18% at press time, the token was showing signs of strength despite minor retracements. The question now is whether Pepe can sustain its upward momentum and rally to new heights in the coming days.Pepe’s price action (PA) reflected a strong recovery as the token consolidated near critical resistance at $0.00002187. Breaking above this level could confirm a bullish breakout, setting the stage for a potential rally toward $0.
000030, the next significant resistance. Additionally, the symmetrical triangle breakout highlighted reduced selling pressure and growing buyer interest.The network value to transaction (NVT) ratio has risen from 48 to 60.62, indicating increasing on-chain activity relative to the token’s market valuation.A higher NVT ratio often reflects sustained interest in the asset, which could bolster bullish sentiment. However, for the price to move higher, the ratio must remain consistent with rising transaction volumes.Daily active addresses were recorded at 5,143, reflecting moderate but steady participation from users. This stability indicates that a committed user base is actively engaging with Pepe, even during periods of price consolidation. If the token’s price continues to rise, a surge in daily active addresses could add further validation to the breakout potential. Therefore, increased user activity in the coming days will be critical in sustaining upward momentum.The relative strength index (RSI) stood at 54.51, indicating moderate bullish momentum and leaving room for further upward movement without overbought conditions. Besides, the directional movement index (DMI) revealed that the +DI was at 21.7, -DI was at 13, and the average directional index (ADX) was at 22. These figures suggested a strengthening trend, with buyers gaining control over the market. However, for the rally to materialize, ADX must continue rising to confirm trend strength.Liquidation data showed $26
Pepe Coin Cryptocurrency Price Action Technical Indicators On-Chain Activity
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