$PEPE
Technical Analysis of Pepe Coin
Market Trend:
The price saw a sharp downtrend at the beginning followed by a strong uptrend, but it seems that there is a correction after the uptrend.
The current price is around 0.00000866 USDT, and it seems that it is trading near an important support level.
Supports and Resistances:
Current Support: 0.00000815 - 0.00000800 is a strong support area where the correction may stop and the price may start to rebound.
Nearby Resistance: 0.00001116 - 0.00001159 is a tough resistance area. If the price breaks through it, we may see more uptrends.
Possible Indicators:
There is a chance to test the support level again. If the price rebounds from these levels, it can be considered a good entry signal.
The previously mentioned resistance levels may be good targets in case the price rises after the correction.
Best Entry Point:
Buying can be considered near the support levels 0.00000815 - 0.00000800, with a stop loss below 0.00000800 to ensure risk reduction.
Expected Targets:
1st Target: 0.00001015
2nd Target: 0.00001116
3rd Target: 0.00001170
Please note that this analysis is based on current technical indicators, and it is important to follow the news and market updates continuously.
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