PEPE's price decline of 11.34% from its all-time high suggests dwindling momentum, with the ADX indicating a weakening uptrend as it falls from 30 to 21.26. Although bullish trend signs persist slightly, the dropping ADX foreshadows potential challenges in maintaining the uptrend's intensity.
The ADX decrease suggests that PEPE's bullish momentum might stall soon. Yet, with the ADX above 20, some trend strength remains. PEPE's RSI, stabilizing at 50.5 after being overbought, depicts a neutral market sentiment with possibilities of range-bound trading.
PEPE's potential price trajectory includes testing the $0.000022 support level if the trend weakens further. A break below could lead to further dips, testing supports at $0.000017 and $0.000011, indicating a possible 54% correction. Yet, if bullish momentum returns, testing resistance at $0.0000259 and higher remains feasible.
