General Trend: It seems that PEPE/USDT parity has been in an upward trend recently. There has been a significant increase especially since May 20.
Support and Resistance:
Support: The 0.00001150 USDT level appears to be an important support point. This level has been tested several times and the price has not fallen below this level.
Resistance: There is significant resistance at 0.00001300 USDT levels. This level is currently being tested. Latest Movements: On May 21, the price showed a rapid increase and went from 0.00001120 USDT levels to 0.00001270 USDT levels.
RSI (Relative Strength Index) Analysis:
Oversold/Short Situations: The RSI indicator has risen above the 70 level and entered the overbought zone. This usually indicates that the price may pull back. The RSI value is currently at 78.40, indicating that the market is overbought and a correction may occur.
Current Status: The RSI is at 78.40, which indicates that the price is in the overbought zone. RSI being at these levels increases the possibility of the price retreating in the short term.
Trading Points:
Pickup Points:
It might make sense to buy at support levels around 0.00001150 USDT. If it falls below this level, you can minimize the risk by placing a stop loss order. Considering that the price is in an upward trend, buying opportunities can be evaluated if the RSI retreats towards the 50 level.
Selling Points:
Selling can be done at 0.00001300 USDT levels as a resistance point. It may be logical to take profit at this level. When the RSI exceeds 70, it may be wise to sell thinking that the price may pull back.
Suggestions:
When buying, watch for support levels and the RSI indicator moving towards the 50 level. When selling, watch for resistance levels and the RSI indicator moving past the 70 level.Don't neglect risk management by using stop-loss orders.
