$PEPE Coin Analysis on the Hourly Frame:
General Trend:
Current Price: 0.00001945
The general short-term trend is bearish, as shown by the candles and the price decrease of -7.38% in 24 hours.
Technical Indicators
1. Moving Averages (MA):
MA(7): indicates 0.00001933 (bearish).
MA(25): at 0.00002010 (above the current price indicating nearby resistance).
MA(99): at 0.00001893 (long-term support).
2. Parabolic SAR (SAR) indicator:
Appears above the candles, confirming the bearish trend.
3. Relative Strength Index (RSI):
Its value is 41.94, which means it is in a neutral zone with a tendency to sell.
4. MACD Indicator:
Indicates a negative crossover, which reinforces the short-term bearish trend.
5. Trading Volume:
Decreased trading volume compared to previous days, which means less buying momentum.
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Support and Resistance Levels
Supports:
1. 0.00001884 (close and strong support based on previous levels).
2. 0.00001745 (major support if the decline continues).
Resistances:
1. 0.00002010 (resistance close to the 25-day moving average).
2. 0.00002185 (24-hour high).
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Recommendations♥♥♥
If the support at 0.00001884 is broken, the price may continue to fall to 0.00001745.♥
If the price manages to surpass the resistance at 0.00002010, there may be a corrective movement upwards.♥
Watch the RSI indicator closely; if it approaches 30, it may indicate a good buying area.♥