$PEPE #pepe

Price movements:

General trend: It seems that the PEPE/USDT parity has been trending upward 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 the 0.00001300 USDT levels. This level is currently being tested. Latest moves: 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 rose above the 70 level and entered the overbought zone. This usually indicates that the price may retrace. 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, indicating that the price is in the overbought zone. The fact that the RSI is at these levels increases the possibility of the price retracing in the short term.

Negotiation points:

Collection points:

It might make sense to buy at support levels around 0.00001050 USDT. If it falls below this level, you can minimize risk by placing a stop loss order. Considering that the price is in an uptrend, buying opportunities can be evaluated if the RSI retraces towards the 50 level.

Points of sale:

Selling can be done at 0.00001270 USDT levels as a resistance point. It may be logical to take profits at this level. When the RSI exceeds the 70 level, it may be prudent to sell thinking that the price may retrace