Technical indicators show a mixed but a general positive picture. The daily Relative Strength Index (RSI) sits at 51 indicating a balance between buying and selling pressure with a slight bullish tilt and with enough room for The Moving Average Convergence Divergence (MACD) has recently undergone a bullish crossover with the MACD line now slightly above the signal line suggesting building bullish momentum.
On the 4-hour chart PEPE broke out of a bullish flag pattern that has been in play since late May. However it faced resistance from the larger ascending channel support level. This configuration suggests that while there may be a short-term pullback, a breakout attempt could be on the horizon if bullish momentum continues to build.
