PEPE has closed above the 50 EMA after reclaiming a key resistance zone, previously acting as support. This breakout is a strong technical signal suggesting a trend reversal may be in play.RSI is climbing and currently sits near 63, indicating increasing buying strength but not yet overbought.
If price holds above the reclaimed zone and the 50 EMA, it could trigger a continued move upward toward previous highs.
DYOR, NFA
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.