$PEPE is showing dominance, rallying over 22% to $0.00000496! ๐ธ Itโs acting as a market leader, potentially signaling the start of a broader altcoin/meme rally.
๐ข The Bull Case
Momentum: Strong bullish trend with positive MACD and EMA crossovers.
Sentiment: Social engagement is peaking; community is calling for "explosive" gains.
Leadership: PEPE's performance is outpacing the sector, attracting liquidity.
๐ด The Risks (Correction Warning)
Extreme Overbought: The RSI (6 & 12) is sitting above 85. This is "scorchingly hot" and usually demands a pullback.
Outflows: Recent data shows a significant outflow of 702,694 USDT, suggesting smart money might be selling into this strength.
Volatility: ATR is risingโexpect rapid price swings in both directions.