Critical resistance hurdle at $0.00000172 proves too difficult for bulls to overcome.
experiencing a price correction over the past 24 hours, the signals point to an exhaustion of the bullish momentum that led to PEPE’s recent gains.PEPE has been on a bullish roll over the past three weeks. First, it recorded gains of 95% within a three-day period to rally to a June high of $0.00000179. The price rejection at this resistance level dampened the bullish momentum and led to some sideways price movement.
However, bulls rallied strongly again between 2 July and 3 July to register gains of 27% and push past the $0.00000172 resistance. However, the gains were short-lived, as declining volumes gave bears an opportunity to halt the buying pressure.The on-chart indicators echoed the short-term bearish sentiment. The Relative Strength Indicator has been on a dip since 4 July and went below the neutral 50 mark, as of the time of writing.
Similarly, the Moving Average Convergence Divergence posted a bearish crossover with a series of red bars below the zero level. Together, it hinted at a strong bearish move that could take PEPE back to the $0.00000134 or $0.00000123 support levels.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pepe gets back in the game as whales show their strengthPepe whales make a splash as they transfer assets off exchanges, raising questions about the token's future path and circulating supply dynamics.
Read more »
Six-year-old girl struck by vehicle in the Junction remains in hospital in critical conditionA six-year-old girl remains in hospital in critical condition this morning after she was struck by a vehicle in the Junction late Wednesday afternoon.
Read more »
Young girl in critical condition after being struck by car in Junction: policeA young girl is in hospital in critical condition after being struck by the driver of an SUV in the Junction neighbourhood of Toronto on Wednesday afternoon.
Read more »
NHL NOTES: Diversity alliance critical of league's latest 'laughable' ventureThey have similar aims, but two groups dedicated to increasing hockey participation in non\u002Dtraditional areas have differences.
Read more »
Six-year-old girl struck by vehicle in the Junction remains in hospital in critical conditionA six-year-old girl remains in hospital in critical condition this morning after she was struck by a vehicle in the Junction late Wednesday afternoon.
Read more »
Automaker Stellantis and critical metals firm NioCorp sign rare earth offtake term sheetA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »