$PEPE rose 8.8% in 24 hours: This move has been solid—no need to rush into paying tuition
The latest price has moved above the top of the previous range, hinting that the bullish move may be extending. The completed daily candle closed above both the fast and slow moving averages, and volume was higher than the recent average. This lends support to the move, but the breakout has yet to be confirmed by a subsequent closing price.
For now, continuation of the strong move seems more likely. However, the price has pulled back from the day's high, and volatility is high. If a subsequent completed daily candle closes back inside the previous range and then falls below the fast moving average, we’ll need to reassess the view that this move is extending upward.
Keep these two levels on record: lower bound 0.00000364, upper bound 0.00000479. A brief move beyond the boundary conveys different information from a full-period close outside it.
#MemeCoin
Disclosure: This article participates in the Plaza content-mining program and may earn trading commissions and engagement rewards.
The latest price has moved above the top of the previous range, hinting that the bullish move may be extending. The completed daily candle closed above both the fast and slow moving averages, and volume was higher than the recent average. This lends support to the move, but the breakout has yet to be confirmed by a subsequent closing price.
For now, continuation of the strong move seems more likely. However, the price has pulled back from the day's high, and volatility is high. If a subsequent completed daily candle closes back inside the previous range and then falls below the fast moving average, we’ll need to reassess the view that this move is extending upward.
Keep these two levels on record: lower bound 0.00000364, upper bound 0.00000479. A brief move beyond the boundary conveys different information from a full-period close outside it.
#MemeCoin
Disclosure: This article participates in the Plaza content-mining program and may earn trading commissions and engagement rewards.