PEPE Token Looks Bullish: Is PEPE an Ideal Pick to Go Long?

1. PEPE token has breached the trendline barrier of $0.000007000.
2. Buyers are looking strong and attempting to retain the 52-week high mark.

The PEPE token has glimpsed a bullish crossover and picked momentum in the last trading sessions. The token has retained the gains and jumped above the 20-day EMA mark.
Recently, the PEPE token has showcased a rebound from the upward trendline support mark of $0.00004600, and a notable rise of over 65% in the last 15 trading sessions was witnessed.
At press time, the PEPE token (PEPE) price traded at $0.000007625  with an intraday gain of 19.22%, reflecting buying momentum. It has a monthly return ratio of 1.20% and 286.89% yearly, signifying a long-term bullish candidate.
The pair of PEPE/BTC is at 0.000000000129 BTC, and the market cap is $3.20  billion. Analysts are bullish and suggest that the PEPE crypto may outperform ahead and will soon cross the 52-week high mark of $0.00001074.
What Does Price Volume Profile Of PEPE Token Indicate?
Amidst the bearish market sentiments, the PEPE token did not lose much gain and decisively held on to the gains in the bullish trajectory. The positive trend and the token have much more space to stretch the gains.
The intraday trading volume jumped over 39.80% to $1.61 Billion, which signifies buying volume. Furthermore, the trend is bullish, and bulls are eager to retest the upside mark of $0.00001000.
Per the analysis of technical indicators, 1 indicator has given a sell rating, 8 have given a neutral call, whereas 17 have given a buy call, justifying the Analyst’s confidence in the token.
The RSI curve spiked to the overbought region, and a positive crossover was noted on the charts. Additionally, the MACD indicator showed a bullish crossover and displayed green bars on the histogram.
Price Volatility and Weighted Sentiment Outlook
The token has witnessed sharp volatile swings throughout the week following the price accumulation. The price volatility curve spiked over 18.89% to 0.049, signifying investor interest.
Likewise, the weighted sentiment looks positive and stayed above the midline region around 0.35, signifying a bullish sentiment among the investors. The leading and lagging indicators also have a positive crossover, implying bullishness.
Per the Fib levels, the PEPE token price trades above the 50% support zone and is close to the upper Bollinger Band. If bulls succeed in crossing $0.000007500, sellers will cover their positions, and further bull rallies can be seen.
The total supply of the PEPE crypto is 420.69 trillion, whereas the volume-to-market cap ratio is 0.520, ranked 35 in the global crypto market cap.
Summary
The PEPE token price signifies fresh bull accumulation, and the token has retained the momentum. The token is poised for an up move, and many more delights have to be seen ahead.
Technical Levels
Support Levels: $0.000007350 and $0.000007200
Resistance Levels: $0.000007700 and $0.000007960
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.