The technical indicators showed bearish momentum with a lack of a strong trend, but PEPE is likely to post gains over the next week or two.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.It lacked a trend on the higher timeframes but could still register sizeable gains in July or early August.saw a higher time frame downtrend from May to mid-June. Around the period of 19-22 June PEPE saw gains that measured close to 95%, breaking it out of the previous slump. This swift bullish victory was followed by a range formation.
Since 21 June PEPE has traded within a range that extended from $0.00000136 to $0.00000185. Within this range, the support level at $0.00000148 has been significant as well. At the time of writing, PEPE was trading just above this support level. Yet, the market structure was bearish as the price formed a series of lower highs and lower lows after the rejection from the range highs at $0.00000188.
The Directional Movement Index showed there was no strong trend in progress over the past few days. The CMF was at -0.04 but was lower last week, which showed capital flow out of the PEPE market. The RSI was also below the neutral 50 mark.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taylor Lautner Teases Podcast Episode Discussing Taylor Swift Music VideoTaylor Lautner is giving the Swifties the inside scoop. The 'Twilight' actor, 31, teased a TikTok on Monday that gave a sneak peek at the upcoming episode of his podcast, 'The Squeeze', with his wife, Taylor Dome, and it seems another Taylor seems to be the center of the conversation. [readmore label='READ MORE: ' link='https://etcanada.com/news/1005647/taylor-lautner-reveals-everyone-has-been-saying-his-name-wrong-for-years-heres-the-correct-pronunciation/'…
Read more »
Blue Jays can treat Mitch White as a cautionary tale with trade deadline approachingAcquiring Mitch White at the 2022 trade deadline made some sense at the time, but it hasn't worked out and the Blue Jays can learn from their mistake.
Read more »
Meat industry urges MPs to reject U.K. membership in trade groupCanadian meat farmers say the U.K. does not deserve a place in the CPTPP, a bloc dedicated to open trade. Find out more.
Read more »
CPM Trade Signal - July 18, 2023Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »
Canadian meat industry urges MPs to reject U.K. membership in trade dealCALGARY — Canadian beef and pork farmers frustrated by an ongoing dispute with Britain over meat exports are calling on members of Parliament to vote against…
Read more »
Who won Kawhi Leonard to Raptors trade half a decade later?Five years ago Tuesday the Toronto Raptors shook up the NBA and changed the fortunes of the franchise forever.
Read more »