PEPE Price Pull back After Rally

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com TD Sequential flashes sell signal as PEPE nears resistance at the 1.272 Fibonacci extension.RSI drops to 68.82 from above 75, signaling reduced buying pressure near overbought levels.MACD histogram contracts, suggesting waning momentum and risk of bearish crossover ahead.Pepe (PEPE), the meme-based cryptocurrency, may enter a short-term phase after a strong rally in mid-April 2025. A combination of technical indicators and chart patterns now suggests a consolidation period or retracement.The latest signal from the TD Sequential indicator, alongside changes in the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), points to declining bullish momentum after PEPE reached a recent local high.The daily chart reflects a structured advance from the $0.00000045 level in April, followed by a series of Fibonacci retracement moves. After hitting resistance at the 0.618 level around $0.00000103, PEPE pulled back before regaining strength.This was confirmed by a bounce from the 0.382 support, which led to another breakout above the 1.0 Fibonacci extension near $0.00000134. The token later peaked at approximately $0.00000168 near the 1.272 extension, where current resistance has emerged, now marked by a new TD Sequential sell signal.Source: XThis technical setup is being echoed by momentum indicators. The RSI, which had previously surged above 75 during the rally, now reads 68.82, falling below the overbought zone of 70. The 14-day average RSI stands at 67.23, indicating signs of easing buying pressure. While these levels reflect bullish territory, the downward shift indicates that the strength behind PEPE’s upward move may be softening.MACD Trend Remains Positive but WeakensFurther evidence of slowing momentum is visible on the MACD chart. Although the MACD line remains above the signal line, at 0.00000155 versus 0.00000114, the histogram bars have started to contract. This reduction in the histogram suggests weakening trend strength and raises the possibility of a bearish crossover if the MACD line dips below the signal line.At the time of reporting, PEPE was trading at $0.000014, reflecting a 1.78% decline over the past 24 hours. Its market capitalization stands at approximately $5.71 billion, ranking it 25th overall, with a 24-hour trading volume exceeding $1.16 billion.Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Source link