PEPE is in a pretty interesting position, caught in a tug-of-war right at a key decision point. Anyone who’s still skeptical or bought at the top should take a closer look.
Looking at both the 1W and 4H charts, you can clearly see that an uptrend has been established. This isn’t a baseless pump. Even with Bitcoin’s volatility, $PEPE has held firm, even edging up +0.61% over the past 24 hours, with trading volume reaching $53,010,336 USDT on Binance today. The price is currently hovering around $0.00000498, with the 4H RSI at 52.1 and the 1W RSI at 61.2, showing that momentum is still there but needs a boost.
The interesting part is that despite news of the Mercado Bitcoin hack, where the hacker sold $1.82M worth of PEPE and temporarily put selling pressure on the token, it absorbed the impact fairly well. PEPE even moved against the trend when Bitcoin fell, showing impressive underlying strength. This is partly due to whale accumulation after the recent Bitcoin sell-off, as well as the number of PEPE holders on Ethereum surpassing 600,000.
Looking at both the 1W and 4H charts, you can clearly see that an uptrend has been established. This isn’t a baseless pump. Even with Bitcoin’s volatility, $PEPE has held firm, even edging up +0.61% over the past 24 hours, with trading volume reaching $53,010,336 USDT on Binance today. The price is currently hovering around $0.00000498, with the 4H RSI at 52.1 and the 1W RSI at 61.2, showing that momentum is still there but needs a boost.
The interesting part is that despite news of the Mercado Bitcoin hack, where the hacker sold $1.82M worth of PEPE and temporarily put selling pressure on the token, it absorbed the impact fairly well. PEPE even moved against the trend when Bitcoin fell, showing impressive underlying strength. This is partly due to whale accumulation after the recent Bitcoin sell-off, as well as the number of PEPE holders on Ethereum surpassing 600,000.
