- The bullish flag wedge gave an early signal that PEPE could rise to 0.00001725.
- The likelihood of this anticipated rally is further influenced by underlying factors.
The PEPE price has fallen by 8.82% in the last 24 hours, but the emerging market pattern indicates that the downtrend is likely to reverse.
According to AMBCrypto’s analysis, this rally is only just beginning, with additional supportive details continuing to surface.
The bullish flag signals a potential rally in PEPE.
A bullish flag, a technical pattern in which the upper and lower diagonals converge, often predicts a price surge following a prolonged period of consolidation.
This pattern is currently evident on the PEPE chart, and we expect the price to rally to the pattern’s peak at $0.00001725.
Source: Trading View
It is likely that prices will fluctuate within this pattern for a while, but a breakout is expected eventually.
Further analysis from AMBCrypto suggests that a rally in PEPE is possible, and we provide more detailed insights below.
Increasing volume and money flow suggests bullish momentum for PEPE
As can be seen from the Moving Average Convergence Divergence (MACD) indicator, retail investor interest in PEPE is increasing.
Recent analysis shows that the MACD is becoming increasingly bullish, with the MACD line (blue) crossing the signal line (red) upwards and rising into positive territory.
MACD is an important trading indicator in technical analysis of cryptocurrency prices, showing the strength, direction, momentum, and duration of price trends.
Source: Trading View
Additionally, Chaikin Money Flow (CMF) has been steadily rising since August 15, entering positive territory. The rising CMF suggests that liquidity inflows into PEPE are increasing.
These indicators collectively suggest that PEPE is gearing up for a rally. In addition, the analysis also shows that the number of active daily addresses for PEPE is increasing, which adds to the bullish outlook.
Renewed retail interest
According to SantimentPEPE’s active daily addresses have seen a significant increase of 7.98% over the last 24 hours, indicating growing interest among retail investors.
Source: Santiment
Read PEPE Price Forecast 2024-2025
The steady increase in active daily addresses, along with the increase in Chaikin Money Flow (CMF), confirms the high retail interest in PEPE. If this trend continues, the token is poised for further price appreciation, potentially breaking out of its current trading pattern.
This breakthrough is expected to push PEPE to new highs, with the price range expected to be $0.00001725.