Here’s the technical analysis and trade signal for $PEPE /USDT:
Current Price: $0.00002050
24h High: $0.00002122
24h Low: $0.00001952
24h Volume (PEPE): 35.34T
24h Volume (USDT): 716.16M
Trend:
The price of PEPE is experiencing some downward movement, currently trading near its support level of $0.00002050. The price has shown a slight dip of -2.05% in the last 24 hours, indicating a possible correction.
Trade Signals
1. Bullish Scenario (Buy Signal):
Entry Point: $0.00002000 (support zone or after consolidation near the support level)
Target Levels:
First Target: $0.00002080 (immediate resistance zone)
Second Target: $0.00002122 (24h High Resistance)
Third Target: $0.00002200 (breakout zone)
Stop Loss: $0.00001900 (below support level)
Trade Momentum:
The price is close to the support level of $0.00001952, and a potential bounce from this level could lead to a short-term rally. Watch for a breakout above $0.00002080 to confirm a bullish trend continuation.
2. Bearish Scenario (Sell Signal):
Entry Point: $0.00002030 (if the price fails to hold the support at $0.00002050 and shows signs of rejection)
Target Levels:
First Target: $0.00001950 (Support Zone)
Second Target: $0.00001900 (Lower Support Zone)
Third Target: $0.00001850 (Extension Downward)
Stop Loss: $0.00002080 (above resistance)
Trade Momentum:
If the price continues to reject $0.00002080 and breaks below the support at $0.00001952, it may signal a bearish move. This could lead to further downward movement, especially if the volume continues to decline.
Momentum Indicator:
RSI: Slightly oversold (below 30) – Suggests the potential for a price reversal, especially if the support holds.
MACD: Bearish crossover – Indicates the possibility of further downside pressure if the trend continues.
Bullish Bias: Look for a bounce at $0.00002000 for potential targets of $0.00002080 and $0.00002122.
Bearish Bias: If the price breaks below $0.00001952, look for further downside targets near $0.00001900 and $0.00001850.