PEPE price is showing signs of weakening momentum as it has fallen almost 10% in the last 24 hours. Key technical indicators suggest that the recent uptrend is losing steam. Short-term price indicators, including the EMA lines, remain neutral, indicating that PEPE may soon test important support levels.
PEPE's Average Directional Index (ADX) has dropped sharply to 17.89, down from a peak of 58.52 on September 30. The ADX is crucial for measuring the strength of a trend, regardless of its direction. An ADX above 25 indicates a strong trend, while below 20 indicates weakness.
Currently at 17.89, PEPE's ADX suggests a consolidation phase with weak momentum. This low value indicates the price is likely ranging within a narrow band and experiencing reduced volatility.
PEPE's 1D MVRV Ratio is currently at -3.12%, indicating that recent investors are holding PEPE at a loss. Positive MVRV values indicate profit, while negative values suggest undervaluation.
The drop from 4.17% to -3.12% indicates a rapid sell-off, suggesting cautious market behavior may prevail until the MVRV stabilizes.
The EMA lines for PEPE are currently neutral, reflecting market indecision. However, short-term EMAs are above long-term ones, indicating a potential bullish signal, though they are beginning to slope downward.
If current trends continue, PEPE might test support at $0.00000835. Failure to hold this level could lead to further declines, with the next strong support at $0.00000776. Conversely, if bullish momentum resumes, PEPE may challenge resistance at $0.0000119.
