Pepe Price Jumps 25% Amid Wider Crypto Rally, Overbought RSI Warns of Pullback
The Pepe price surged nearly 25% on September 21 as it cleared a major resistance level, but an overbought 4-hour reading raises concerns of a short-term pullback.
According to data from crypto.news, the meme coin traded around $0.00000499 at the time of writing after reaching an intraday high of $0.00000515. The rally lifted Pepe by 24.75% during the daily session and extended its seven-day gain to nearly 40%, according to CoinGecko.
The token's market capitalization climbed above $2 billion, while its 24-hour trading volume approached $900 million. Pepe's advance came alongside a wider crypto rally led by Bitcoin, which crossed $85,000 for the first time in eight months. However, its latest technical readings suggest that buyers may struggle to maintain the same pace without a period of consolidation.