Crypto
PEPE Price Surge Sets Stage for Possible Long-Term Rally
PEPE has seen a sharp price surge, increasing by nearly 20% in 24 hours. The token is now trading at an overbought level, with an RSI of 83.81 and Bollinger %B position of 1.20.
The chart suggests that PEPE's momentum has stalled, rather than collapsed, according to the MACD posture. The histogram is flattening near zero, indicating that momentum is stalling.
On-chain data shows a different story, with 4.54 trillion tokens leaving exchanges in a single outflow - the largest since November 2024. This supply compression could be a sign of whales accumulating PEPE.