🐸 $PEPE is currently in a consolidation phase, with the oversold RSI hinting at a potential reversal. Traders should keep a close eye on a breakout above 0.000002033 USDT for bullish confirmation, while a breakdown below 0.000001796 USDT could signal further downside. The nearest support level is 0.000001796 USDT, which acted as today’s low and provided price stability. On the upside, the immediate resistance is at 0.000002033 USDT, the intraday high, and breaking this level could lead to additional gains.
For buyers, it’s essential to watch for reversal signals, such as RSI divergence or a move above the MA(25), with potential entry near the support at 0.000001796 USDT and a target around 0.000002033 USDT. On the other hand, sellers may consider short positions if the price fails to break 0.000002033 USDT, aiming for a return to the support level. Staying alert and managing trades carefully is crucial in this consolidation phase. 📈