Technical Analysis $PEPE

1. Price Trend:

Currently: PEPE is trading around $0.00001937, up +2.11% in the most recent session. After a strong rally in early November, the price is currently correcting and moving sideways within a narrow range.

Support: 0.000018 - 0.0000183.

Resistance: 0.0000205 - 0.000021.

2. RSI Indicator:

Current RSI is fluctuating around 44.9, in the neutral zone, indicating a fairly balanced buying and selling pressure. RSI has exited the overbought area (>70) after the previous strong increase, but has not yet fallen into the oversold area (<30).

3. Moving Average MA:

Short-term MA: The 10 MA is trending down, reflecting the pressure of correction.

Long-term MA: The 50 MA is below the current price, indicating that the medium-term trend is still positive, but caution is needed regarding the possibility of breaking support.

4. Trading Volume:

Trading volume has gradually decreased in the recent accumulation phase, which is often a sign that the market is waiting for a breakout signal.

⭐Suggested Trading Strategy:

🔥If you are holding a position:

Closely monitor support at 0.000018. If this level is broken, the price may drop further, so consider cutting losses.

Short-term price target: 0.00002050 (nearest resistance).

🔥If you want to enter a position:

Buy: Consider buying near the 0.000018 - 0.0000183 range.

TP: 0.0000205 - 0.000021.

Stoploss below 0.0000175.

🌞Overall Assessment:

PEPEUSDT is in a correction phase after a strong increase. The ability of the price to hold the support level of 0.000018 will determine the next growth potential. If this support is broken, a short-term downtrend may occur. Further monitoring of market fluctuations and trading volume is necessary to make reasonable decisions.