Technical analysis confirms positive outlookPEPE token is trading above an ascending trendline that has successfully supported the price during corrections so far. The narrowing of the 50, 100 and 200-day moving averages (EMAs) suggests that the market may be preparing for a larger breakout. The increasing trading volume further strengthens this picture.
However, it is important to note that PEPE investment also carries risks:
The price could easily fall due to a change in market sentiment or regulatory intervention.According to December forecasts, the price could even retreat to between $0.00005568 and $0.00005862.The Fear & Greed Index is currently at 73, which shows that the market is in a “greed” phase, while the Relative Strength Index (RSI) is at 57.46, which is above the mean value but not yet indicating overbought conditions