Technical indicators support bull market for PEPE coin
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However, it should be noted that the price of Pepe token is down 21.07% over the last 30 days. The crypto market witnessed a severe crash in previous weeks. PEPE also struggled during this time. But the good thing is that this 'There Will Always Be a Crash': Dogecoin Creator Breaks Silence on Market Bubbledata, the meme coin is trading above its 200-day Simple Moving Average . This level acts as a support level for PEPE, and it shows that the token is bullish in the long term.
The 200-day SMA typically indicates the long-term market movement of a coin. Despite the daily basis volatility on the market, it highlights that the As of now, Pepe’s RSI is at the 44.9 level. Notably, RSI in the range of 40-50 acts as a support zone for a coin. This range also shows that the coin is in a bull market despite short-term volatility. Overall, these technical indicators confirm a bull run for Pepe token.
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