Cryptocurrency market downturn notwithstanding, PEPE coin continues to demonstrate resilience. Its price remains above the 100-day Simple Moving Average (SMA) and the trendline. With a total liquidity value exceeding $38 million and a 24-hour trading volume above $4.9 million, PEPE previously fell below the moving average, touched the trendline, and is now back above the moving average. Currently trading at $0.00000872, PEPE has seen a 3.57% increase in the last 24 hours.

Technical indicators suggest a continued upward movement for PEPE. The 4-hour Relative Strength Index (RSI) shows the RSI line above the 50 level, indicating a bullish trend. Additionally, there is a divergence between price action and the RSI line, hinting at a possible future price drop.

The 4-hour Moving Average Convergence Divergence (MACD) indicator displays both the MACD line and signal line crossing above the zero line, signaling an upward trend. The MACD histogram is also above the zero line, further supporting the bullish sentiment. The 4-hour Alligator indicator shows PEPE trading above the alligator lines, with potential for continued upward movement.

PEPE is currently approaching a resistance level of $0.00000916. A successful breakout could lead to retesting its all-time high. Failure to breach this resistance may result in a downward movement towards a support level of $0.00000756 and potentially down to $0.00000591 support level.

At the time of writing, PEPE is trading at $0.00000875 on the 1D chart, source: PEPEUSDT on Tradingview.com. Image sourced from iStock, chart sourced from Tradingview.com.