Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
PEPE shows technical consolidation signals before a new bullish surge
The price of PEPE remains at strategic levels with indicators revealing a transitioning market. Currently trading around 0.00000690, positioning in the middle zone of Bollinger Bands on both timeframes, suggesting that the recent movement has already covered a significant part of its upward trajectory.
Technical analysis: Bollinger Bands show room for expansion
On the 4-hour chart, PEPE oscillates near the central line (0.00000672), occupying the 40-60% bandwidth zone. This positioning reflects that the price has risen from previous lows (close to 0.00000398) but still retains potential to continue gaining ground toward the upper band. The band width remains significant, indicating that volatility and trading volume are still present in the market, albeit with less intensity than during the initial phase of the upward move.
On the 1-hour timeframe, the outlook is similar: the price maintains a neutral-bullish position at the central line, indicating that any correction is likely to be minor and temporary, without significant structural changes.
Momentum indicators: MACD loses selling strength, RSI in balanced zone
The MACD reveals a significant change in dynamics. The last two candles of the histogram close in negative territory, but with minimal magnitudes (-0.00000008 on 4h, -0.00000001 on 1h), demonstrating that selling pressure has little traction. The EMA lines remain aligned near the zero level, confirming a gradual loss of bullish momentum but without indicating a real trend reversal.
The RSI reinforces this interpretation: on the 4-hour chart, it reads 64.52 (positive trend but not extreme), while on the 1-hour chart, it stands at 51.14 (practically neutral). These values indicate that buyers have absorbed much of the initial enthusiasm of the movement, placing the market in a more mature phase where emotional extremes do not dominate behavior.
Probable scenario: consolidation followed by bullish continuation
The combined analysis of both timeframes points to a specific scenario for the next 24 hours: PEPE is likely to experience a short period of consolidation or sideways movement, where the price fluctuates within the middle bands with minor variations. This consolidating pause would be healthy and necessary before the next impulse.
After this resting phase, technical conditions are aligned for PEPE to resume its gradual bullish trajectory, aiming to test levels above the central line or approach the upper Bollinger Band. The minimal weakness of the MACD and the balanced RSI suggest that any retracement will be corrective and brief, without enough selling pressure to reverse the underlying trend.
Final considerations
PEPE’s technical analysis shows a well-organized and controlled market, far from extremes that could indicate reversal. Indicators are aligned, volatility remains present without exaggeration, and the price structure favors moderate bullish continuation. Traders should watch the central zone as a dynamic support during any minor correction, while the upper band represents the next natural resistance target in this technical cycle.