$PEPE appears to be in a consolidation phase with oversold RSI indicating a potential reversal. Watch for a breakout above 0.000002033 USDT for bullish confirmation or a breakdown below 0.000001796 USDT for further downside.
Support and Resistance Levels
Support: The closest support level is 0.000001796 USDT, which acted as the day’s low and provided price stability earlier.
Resistance: The immediate resistance is 0.000002033 USDT, the intraday high. Breaking this level could lead to further upside.
Trading Strategy
For Buyers:
Look for a reversal signal (such as an RSI divergence or price crossing above the MA(25)).
Consider entering near the support zone 0.000001796 USDT with a target near 0.000002033 USDT.
For Sellers:
If the price fails to break 0.000002033 USDT, short positions could target 0.000001796 USDT.
