Pepe is making waves in the memecoin market with a 25% surge over the past week. What are key levels saying about the momentum?
Pepe has seen impressive growth, gaining over 25% this week and emerging as a top performer in the memecoin space.showed that PEPE was one of the top gainers of the week. It has seen over 25% increase in the last seven days, making it the 14th biggest gainer.As traders turn their attention to its impressive rally, a closer look at price levels, daily active addresses, and other indicators can provide insight into what lies ahead.
Should it maintain support above $0.00000100 and keep the MACD in bullish territory, it may continue to attract buyers aiming for the next resistance level around $0.00000115.Notably the RSI was nearing overbought territory, suggesting a correction could be on the horizon. If PEPE struggles to break above this resistance, it could signal a short-term top, potentially prompting consolidation or a retest of lower support levels.
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