PEPE Has Made a Promising Gain, Increasing by 1.52% Recently

Today's candle shows PEPE has risen to $0.000015038 from yesterday's $0.000014942 which could be a sign that more investors are involved

PEPE price has recently increased by 1.52% following a period of nearly flat prices after a steep upward move in the first half of May. Today's candle shows that PEPE has risen to $0.000015038 from yesterday's $0.000014942 which could be a sign that more investors are involved and might lead to more bullish momentum.

As the daily chart from TradingView shows, the price now appears to remain close to the $0.000013982 level, which once resisted it. This area of support is once again being evaluated as a possible starting point for growth.

Many candlesticks from the past few days point to reduced selling while today's green candle tells us that traders are feeling positive.

According to the charts, PEPE's RSI figure dropped somewhat to a reading of 43.09. After going over 70, the RSI has now moved out of the overbought zone it hit in May. Now that it is approaching a neutral territory, another increase in price is possible without going over-extended.

Furthermore, the MACD shows more proof that the market will keep going up. Despite MACD (in blue) starting to fall a bit after its sharp rise, the signal line (in orange) is still below which many traders see positively.

This histogram bars are narrowing, implying that the bullish track is losing intensity, but not yet returning to bears. If the MACD doesn't go below zero and cross upwards, this may confirm that prices are still going up.

There is a cautious optimism about PEPE's market lately. Investor sentiment is a little more optimistic now, as the difference between buy and sell prices has increased. There is plenty of trading going on, as revealed in the current bid price of $0.000013982 and ask price, which is just above it.

With the RSI neutral and MACD positive, the chances of an upside for PEPE seem high.