PEPE’s bullish rally continued to make progress with 5.9% gains over the past 24 hours, as buyers maximized the bullish reversal.
hitting the $26.5k price zone over the same period. This could spur further price gains for investors in the short term.Bulls looking to reverse PEPE’s recent losses finally found a strong base to rebound. The strong bearish swing had flipped both $0.00000162 and $0.00000115 support levels to resistance, with sellers reigning supreme.
However, the $0.00000084 support level saw bulls halt the bearish slide with a strong defense of the level before initiating a rally. A retest of the level has seen PEPE post gains of 20.8% between 15 June and 17 June to trade at $0.00000100, as of press time. The bullish momentum also saw the meme coin break above the bearish trendline, which highlighted the significant buying pressure. Further hurdles lie for bulls at the $0.00000115 resistance level. A session close above this resistance will see bulls break the lower low of the bearish slide and spur more bullish activity.
Failure to reclaim the $0.00000115 level will introduce sellers back into the market with shorting opportunities available, if price can’t break above the resistance level. Meanwhile, the Relative Strength Indicator and Moving Average Convergence Divergence remained bullish on the four-hour timeframe. The RSI remained above the neutral 50 with a reading of 60, as of press time. The MACD also continued its uptrend moving above the zero level after a bullish crossover on 13 June. This signaled sustained bullish momentum in the short term.
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 rises 13.9% in 24 hours, new rally in works?PEPE posted gains of 13.9% over the past 24 hours to send out strong signals of an imminent bullish reversal.
Read more »
SOL falls below critical support – can sellers extend gains?Sellers actively primed for more shorting gains, as SOL extended its bearish swing.
Read more »
Why XRP bulls should be confident of a move northwardThe XRP bulls have managed to defend a good chunk of their March gains, and hinted that further gains were possible.
Read more »
Demoted all-star pitcher Manoah making gains in simulated games at Blue Jays complex | CBC SportsAlek Manoah, the struggling all-star right-hander demoted this month by the Toronto Blue Jays, has made some strides in two simulated games since being sent to the team's complex in Florida.
Read more »
Cosmos traders can expect further losses as…Having traded at $8.15 on 10 June ATOM climbed by 10.14% to a value of $8.76 at press time, but will there befurther gains?
Read more »
What's at stake in the four federal byelections on Monday, and what to expectObservers are watching if Maxime Bernier makes some gains in Portage\u002DLisgar or if the Conservatives face an uphill battle to keep Oxford.
Read more »