Technical analysis by CryptoNikkoid about Symbol PEPE: Buy recommendation (8/1/2025)

August 1st, 2025 – A tough day for altcoins, hit once again by tariff concerns. But let’s talk about PEPE , one of my favorite altcoins to track. Why? No VC backing, the entire supply is community-held, and volume is consistently strong—making it a reliable market sentiment indicator. Weekly Outlook: PEPE remains in a macro uptrend, riding above the 100 EMA. - My Momentum indicator has triggered two buy signals: at 0.00000634 and 0.00001040 - RSI is rising but still mid-range—there’s plenty of room to move higher. - MACD is gradually ramping up. - Stochastic RSI is cooling off, but given the strength of the other signals, further downside looks limited. Technically, we’re seeing a bullish flag pattern. Price is currently testing support at the lower range—likely setting the stage for a decisive move in the coming weeks. Conclusion: Based on the current indicators and structure, the odds favor a bullish breakout and continuation of the uptrend—though, as always, DYOR.