TLDR
- TD Sequential indicator has flashed a sell signal as PEPE approaches the 1.272 Fibonacci extension resistance
- RSI has dropped from above 75 to 68.82, suggesting reduced buying pressure
- MACD histogram is contracting, indicating waning momentum
- PEPE is trading at $0.000014, down 1.78% in 24 hours
- The cryptocurrency has a market cap of approximately $5.71 billion, ranking 25th overall
Pepe (PEPE), the popular meme cryptocurrency, may be entering a consolidation phase after its strong mid-April rally. Technical indicators are now suggesting caution for traders who have benefited from PEPE’s recent price surge.
The daily chart shows a structured advance from the $0.00000045 level in April. This was followed by several Fibonacci retracement moves.
After hitting resistance around the 0.618 level at approximately $0.00000103, PEPE experienced a pullback before regaining momentum.
A bounce from the 0.382 support level helped fuel another breakout above the 1.0 Fibonacci extension near $0.00000134.
The token later reached a peak of about $0.00000168 near the 1.272 Fibonacci extension. This area has now emerged as a resistance level and is marked by a new TD Sequential sell signal.
Technical Indicators Flash Warning Signs
The TD Sequential indicator has proven reliable for PEPE in the past. On May 2nd, it gave a green signal (A13) that correctly predicted a price increase.
The TD Sequential has been spot-on with $PEPE daily chart. And it’s now flashing a sell signal, suggesting a potential pullback ahead. pic.twitter.com/3aTrPUHI4A
— Ali (@ali_charts) May 15, 2025
On April 27th, a red “1” appeared, accurately forecasting a temporary peak followed by a decline.
May 5th saw the emergence of a green “1” signal, which preceded major price growth. Now, another red “1” has appeared on May 14th, suggesting another potential drop.
The momentum indicators are reinforcing this cautious outlook. The Relative Strength Index (RSI), which had previously exceeded 75 during the rally, now reads 68.82.
This represents a fall below the overbought threshold of 70. The 14-day average RSI stands at 67.23, showing signs that buying pressure may be easing.
While these levels still reflect bullish territory, the downward shift suggests that the strength behind PEPE’s upward movement could be softening.
The Moving Average Convergence Divergence (MACD) chart provides further evidence of slowing momentum. Although the MACD line remains above the signal line (0.00000155 versus 0.00000114), the histogram bars have begun to contract.
This contraction in the histogram indicates weakening trend strength. It also raises the possibility of a bearish crossover if the MACD line falls below the signal line.
At the time of reporting, PEPE is trading at $0.000014, showing a 1.78% decline over the past 24 hours.
The cryptocurrency’s market capitalization stands at approximately $5.71 billion, ranking it 25th in the overall crypto market. Its 24-hour trading volume exceeds $1.16 billion.
PEPE is currently trading above the 1.618 Fibonacci extension, which serves as a major resistance point.
While the current technical setup does not guarantee a price drop, it suggests that traders should exercise caution. If historical patterns repeat, PEPE might experience a minor price decline in the near future.
For current PEPE holders, this could be an opportune time to secure recent gains or set stop-losses to protect against potential downside.
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