$PEPE PEPE 4-hour price trend: bullish
[Price trend analysis]
1. K line model:
- Price has had a clear upward trend recently, especially since May 20, there have been many consecutive positive lines.
- The long upper shadow formed on May 21 and 22 shows that there is some selling pressure at high levels.
2. Technical indicators:
- MACD: The fast and slow MACD lines are both diverging upward and the histogram is positive, showing that the market is currently in a bull market.
- RSI: RSI is currently in the overbought zone (81.96), there may be corrective pressure in the short term, however if it continues to be in the overbought zone, it proves a strong uptrend.
- EMA: EMA7, EMA30, EMA120 are all arranged in buy position and the price is running above EMA7 showing a strong uptrend.
3. Trading volume:
- From May 20 to present, trading volume increased significantly, especially on May 21 and 22, showing large capital inflows.
- Increased trading volume accompanied by price increase, verifying the authenticity of this price increase.
[The price is running above EMA7 showing a strong uptrend.