Technical Analysis of PEPE/USDT 15-Minute Chart
Key Indicators
Moving Averages (MAs)
MA7 (Red), MA25 (Yellow), MA99 (Purple)Price is below MA7 and MA25, indicating short-term bearish momentum.MA7 below MA25 confirms bearish sentiment. Price near MA99 suggests potential support for longer-term recovery.
Bollinger Bands (BB)
Wide bands indicate high volatility. Price near the lower band suggests an oversold condition. Movement towards the middle band indicates consolidation; towards the upper band suggests recovery.
Volume
Volume spikes during the drop indicate strong interest and possible panic selling. Recent volume aligns with downward movements, suggesting selling pressure. Decreased volume during consolidation suggests stabilization.
MACD (Moving Average Convergence Divergence)
MACD line below the signal line indicates bearish momentum. Negative histogram values reinforce bearish sentiment. MACD line crossover above the signal line indicates potential bullish reversal.
RSI (Relative Strength Index)
RSI around 41.98 indicates neutral to slightly oversold conditions. RSI below 30 suggests oversold conditions, above 70 suggests overbought. Monitoring for a move above 50 indicates potential recovery.
Stochastic RSI
Stochastic RSI around 37.44 indicates oversold conditions. Crossover of %K above %D signals a potential buy opportunity.
