Pepe Coin

PEPE

Reversal

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<p dir="ltr"><a href="https://u.today/pepe-inching-closer-to-flipping-shiba-inu" rel="noopener noreferrer nofollow">Pepe Coin</a> (PEPE), a popular Ethereum-based meme coin, continues its bullish rally amid positive sentiment on the broader market. Despite this momentum, PEPE is showing signs of a potential short-term reversal, as the Relative Strength Index (RSI) suggested.</p>
<h2 id="what-rsi-reveals">What RSI reveals</h2>
<p dir="ltr">The Relative Strength Index is a momentum indicator often used to determine short-term reversal points at the end of each rally. It measures the degree of recent price changes to analyze whether a digital asset is overbought or oversold.</p>
<p dir="ltr">In the current PEPE case, the meme coin has an RSI reading 87.7, indicating an overbought condition. Generally, an RSI reading of 70 or above indicates an overbought condition, while a reading of 30 or below shows an oversold condition.</p>
<p dir="ltr">An overbought situation usually indicates a potential price reversal. However, as other bullish trends indicate, the reversal may only last a short while for PEPE. For instance, the 24-hour trading volume increased by 366.84% to $22.29 billion. This huge spike suggests rising activity, which could fuel more price rallies if sustained.</p>
<p dir="ltr">The recent momentum has pushed PEPE to trade as the 15th-largest digital asset by market capitalization, valued at $8.8 billion. This value only comes slightly below SUI’s market cap of $9.3 billion. Meanwhile, PEPE’s price has increased by 57.64% in the last 24 hours to $0.00002133.</p>
<h2 id="pepe-seeing-increasing-acceptance">PEPE seeing increasing acceptance</h2>
<p dir="ltr">In a recent development, Robinhood Crypto Europe<a href="https://u.today/top-meme-coin-pepe-receives-major-boost-from-robinhood-in-europe" rel="noopener noreferrer nofollow">launched</a> live transfer options for PEPE, expanding the meme coin’s functionality.</p>
<p dir="ltr">This feature lets European users withdraw and deposit PEPE directly on Robinhood's crypto platform. A 1% deposit bonus is also available temporarily to encourage customers to participate in PEPE transactions.</p>
<p dir="ltr">In another update, Chief Legal Officer Paul Grewal<a href="https://u.today/coinbase-to-list-pepe-meme-coin-today-top-executive-confirms" rel="noopener noreferrer nofollow">confirmed</a> that PEPE is set to go live on Coinbase. This announcement has helped reinforce investors' confidence in PEPE and likely contributed to its latest rally.</p> <a href="https://u.today/pepe-rsi-flashes-imminent-reversal" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

PEPE RSI Flashes Imminent Reversal

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