PEPE/USD Testing Key Resistance
$PEPE
PEPE/USDT is currently trading at $0.00000736, with a slight increase of +0.14%. The price is fluctuating between the $0.00000700 support level and the $0.00000780 resistance level, suggesting a phase of consolidation after the recent price movement. The price is currently below the 200-period moving average at $0.00000736, indicating a bearish bias. The VWAP at $0.00000732 is slightly below the current price, which provides mixed sentiment.
The RSI is at 48.33, indicating neutral conditions. There is room for upward movement, but it suggests caution as momentum remains uncertain.
The MACD line is at 0.00000000, with the signal line at -0.00000004, signaling weak bullish momentum. The histogram shows small positive bars, indicating that while the momentum is marginally positive, it is still relatively weak.
Key support levels are around $0.00000700. If the price breaks below this level, the next target could be around $0.00000650. Conversely, a break above $0.00000780 could lead to a rally towards $0.00000850 or higher.
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research before making trading decisions
#6thTrade #MarketSentimentToday #Market_Update #NeiroOnBinance