Bullish on PEPE
PEPE is experiencing a price correction following a significant pump on November 13th. I've identified a bullish wedge pattern that has formed since that date, and PEPE appears to be following this wedge with the potential for a break toward resistance. Despite the recent price decline over the last few days, the On-Balance-Volume (OBV) indicator shows bullish divergence, suggesting upward momentum may be on the horizon.
From a fundamental perspective, I believe PEPE spiked on November 13th, primarily due to its listing on the Robinhood exchange. This exposure is likely to attract retail investors, which could contribute to PEPE's upward momentum in the coming weeks.
From a fundamental perspective, I believe PEPE spiked on November 13th, primarily due to its listing on the Robinhood exchange. This exposure is likely to attract retail investors, which could contribute to PEPE's upward momentum in the coming weeks.
Transaction en cours
Pepe is currently undergoing a retest. According to the RSI, Pepe appears undervalued as it reaches new lows while testing highs. I anticipate Pepe will bounce back from its sideways momentum in the upcoming week. Altcoins and AI utilities are currently leading the narrative.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.