As PEPE price struggles to reverse its bearish trend on the hourly chart, the coin is currently trading up 2.04% over the past 24 hours at $0.00000987.
Pepecoin (PEPE) Price Reverses Bullish Trend
This comes amidst surprisingly stable price action, as PEPE managed to hold above the support level represented by the 20-day moving average (DMA) at $0.00000938, despite a sharp 12% decline due to Middle East tensions.
As the 200-day moving average (DMA) continues to rise, the Relative Strength Index (RSI) reading retreated from the overbought zone and settled at the mid-level of 58.45, the MACD showed a positive divergence and the signal line bounced higher from the 0.0000007 level, keeping PEPE price within the ascending triangle technical pattern, indicating a possible resumption of its upward trajectory as Bitcoin price stabilizes.
