$PEPE flips bullish on rising demand – Is a 36% rally next? - AMBCrypto Analytics

PEPE, currently priced at $0.00000947 after a 5.6% rise in 24 hours, shows signs of a potential rally. While still down 7% over the past week, the broader bullish trend in the crypto market may suggest a reversal in PEPE’s long-term downtrend, which has persisted since mid-October as the coin traded below its 200-day Simple Moving Average (SMA).

The Chaikin Money Flow (CMF) indicator, at 0.18, signals growing buying pressure and waning selling interest. Buyers have outpaced sellers over the last four days, as reflected in the green volume histogram bars. If PEPE flips the resistance at $0.0000097, it could spark a potential 36% rally, pushing the price toward the 1.618 Fibonacci level of $0.0000129.