PEPE Price Momentum Slows as Sell Signal and Indicators Flag Caution

By: cryptonews|2025/05/16 10:15:06
0
Share
copy
Pepe (PEPE), the meme-based cryptocurrency, may enter a short-term phase after a strong rally in mid-April 2025. A combination of technical indicators and chart patterns now suggests a consolidation period or retracement. The latest signal from the TD Sequential indicator, alongside changes in the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), points to declining bullish momentum after PEPE reached a recent local high. The TD Sequential has been spot-on with $PEPE daily chart. And it’s now flashing a sell signal, suggesting a potential pullback ahead. pic.twitter.com/3aTrPUHI4A The daily chart reflects a structured advance from the $0.00000045 level in April, followed by a series of Fibonacci retracement moves. After hitting resistance at the 0.618 level around $0.00000103, PEPE pulled back before regaining strength. This was confirmed by a bounce from the 0.382 support, which led to another breakout above the 1.0 Fibonacci extension near $0.00000134. The token later peaked at approximately $0.00000168 near the 1.272 extension, where current resistance has emerged, now marked by a new TD Sequential sell signal. This technical setup is being echoed by momentum indicators. The RSI, which had previously surged above 75 during the rally, now reads 68.82, falling below the overbought zone of 70. The 14-day average RSI stands at 67.23, indicating signs of easing buying pressure. While these levels reflect bullish territory, the downward shift indicates that the strength behind PEPE’s upward move may be softening. MACD Trend Remains Positive but Weakens Further evidence of slowing momentum is visible on the MACD chart. Although the MACD line remains above the signal line, at 0.00000155 versus 0.00000114, the histogram bars have started to contract. This reduction in the histogram suggests weakening trend strength and raises the possibility of a bearish crossover if the MACD line dips below the signal line. At the time of reporting, PEPE was trading at $0.000014, reflecting a 1.78% decline over the past 24 hours. Its market capitalization stands at approximately $5.71 billion, ranking it 25th overall, with a 24-hour trading volume exceeding $1.16 billion. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

You may also like

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Every trend here is affecting everyone's future survival.

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass

Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

Popular coins

Latest Crypto News

Read more