#PEPE With this rally accompanied by rising volume, is it a genuine breakout or just a quick surge driven by short-term sentiment? At first glance, I lean more toward the latter.
A volume ratio of 2.59, along with an active buying ratio of 56.8, does show short-term strength, but the RSI is already at 74.1, which doesn’t look like a good starting point.
So for now, I won’t draw any conclusions. When a rally happens this quickly, the drop can be just as fast. This is not investment advice.
A volume ratio of 2.59, along with an active buying ratio of 56.8, does show short-term strength, but the RSI is already at 74.1, which doesn’t look like a good starting point.
So for now, I won’t draw any conclusions. When a rally happens this quickly, the drop can be just as fast. This is not investment advice.