Pepes currency price (PEPEUSD) rose in latest intraday trading, testing the resistance of $00001290, which is a pivotal point that could determine upcoming trading, as the price touches the resistance of the 50-day SMA, with negative signals from the Stochastic after reaching overbought levels compared to the prices movements, hinting at a negative divergence, with the dominance of the downward correctional trend in the short term.

Therefore we expect the price to decline and target the first support at $0.00001197, provided the aforementioned resistance of $0.00001290 holds on.

Todays price forecast: Bearish