- The PEPE RSI has reached 83 as buyers’ domination is developing, increasing the red flags for imminent volatility and the exhaustion of trends.
- The whales accumulated 21.18 Billions of Pepes, reflecting historical purchasing areas which previously preceded net corrections.
In the middle of the frenzy of the same, Pepe (Pepe) recorded four days of consecutive gains. Since he reached a local hollow of $ 0.00,00075, he reached a maximum of $ 0.0000139.
At the time of the press, he exchanged $ 0,0000132, up 55.82% this week, despite a sliding of 2.05% in the last 24 hours. Naturally, this price action suggests strong demand, but there are signs that the trend may not last long.
This recovery in recent prices indicates high demand, buyers dominating the market.
This purchase pressure is more and more dominant in major pepe holders. As such, whales bought 21.18 Billions of tokens in just 24 hours.
Already seen or doom? The market has already seen this film
Such a massive pressure of purchase of the Pepe whales was observed for the last time in November 2024 and January 2025.
Source: intotheblock
This increase in purchases pushed the relative force index (RSI) to 83, deeply in the exaggerated territory. The last time RSI climbed above 80, Pepe reached a record – only to crash shortly after.
Historically, when the purchase activity has increased at recently witness levels, it preceded prices as the buyers are exhausted and sellers enter the market to gain profits.
For example, in 2024, when RSI reached 88 years old, Pepe increased to $ 0.00002525 at the end of November. When he reached 80, prices rallied to a record level in December.
After this price increase, he followed a massive drop, the same decreasing as low as $ 0.00,00052.
Source: tradingView
So, if history rhymes, this wave of purchase could be a prelude to another clear correction.
What does PEPE graphics suggest?
According to Ambcrypto’s analysis, with RSI reaching the levels associated with correction, we witnessed signs of an imminent withdrawal during the last day.
As indicated above, the same fell in the last day, abnormally in the trend in the last four days.
However, the market is not folding for the moment. The balance of pepe exchange flows is at -35.8 billion, showing more withdrawals than deposits. It is often a bull panel, because it suggests that traders hold, not.
Source: Santiment
Continuous accumulation suggests that investors are always optimistic and see future potential with the same.
What is the next step for the same?
Pepe is still in a strong downward trend at the time of the press, as confirmed by the increase in the DMI. Looking at the directional momentum, Pepe experiences a strong upward dynamic with + DI at 46 while -Di to 25.
The momentum suggests a potential continuation of the current trend.
If the trend continues, Pepe will cover the losses recorded on daily cards and will try a passage to $ 0.000014. If it strikes this level, the next significant resistance is $ 0.000016.
However, if the RSI wave and the purchase of Spree lead to stories to repeat itself, Pepe will return to $ 0.0000107.
