💥 AMBCrypto: $PEPE to buy or to sell?
AMBCrypto analyzed some key technical indicators of PEPE to make informed judgments about its next moves.
The Relative Strength Index (RSI) was in the overbought territory, indicating a higher likelihood of a price pullback. Traders may be tempted to cash out their holdings on spotting this.
In contrast, the Moving Average Convergence Divergence (MACD) moved above the signal line, suggesting that PEPE might experience upward momentum in the coming days.
Moreover, the new high in price was confirmed by a new high in MACD, implying that bullish momentum could continue.
As of the moment of report, PEPE is trading for $0,0000073 on WhiteBIT exchange.
PEPE was a departure from the numerous dog-themed tokens that dominated the market. The crypto coin exploded 10x within days of its launch, attracting a swarm of profit-hungry traders.
However, the coin doesn’t have any intrinsic value or expectation of financial return, according to its official site.
