Brief analysis of the PEPE/USDT pair:
- General trend: bearish.
- Moving Averages: MA(5) below MA(10) -> bearish signal.
- RSI(6): 29.69 -> Oversold area, possible bullish bounce.
- MACD: negative values -> strong downward momentum.
- StochRSI: 21.06 -> Oversold area, supports the possibility of a bounce.
- Trading volume: High, indicates interest in the market.
Recommendations:
- Buy: Wait for reversal signals in oversold areas (RSI, StochRSI).
- Selling: The decline continues without signs of reversal.
Conclusion:
The trend is down, but oversold indicators point to a possible rebound soon.
Good luck to everyone 🤭
