Is PEPE about to reverse its trend? Key technical signals emerge
When MEME coins rebounded collectively at the beginning of the year, PEPE also surged, although it subsequently fell back. Now, intriguing changes are appearing on the technical charts. Analyst CryptoLinx points out that PEPE's weekly chart has just shown a bullish MACD crossover, which is usually not a short-term rebound signal, but rather a precursor to a potential reversal in the medium to long term trend.
Historically, similar structures often appear during the true bottoming phase of the market, potentially turning a previously stagnant trend into a sustained upward one. Analysts believe that if this signal holds true, PEPE will not only recover from its losses but also have the potential to start a new major upward wave, with potential gains even considered to reach 1500%–3000%.
Of course, short-term volatility remains, but for those following #MEME coins, PEPE has returned to their watchlist. #CryptoMarketWatch