Pepe Coin (PEPE) is currently in a consolidation phase after experiencing recent volatility. The price action is tightening within a narrowing range, indicating an accumulation period where traders position themselves for the next major move.
PEPE has surged by 12.90% in the last 24 hours, signaling strong bullish momentum and increasing the likelihood of an upward breakout.
Technical indicators, including RSI above 50 and a MACD crossover, suggest a bullish setup and potential uptrend.
Elliott Wave analysis points to a Wave 2 retracement, with key support between $0.00000675 and $0.00000573.