[PEPE] Clinton Daily Analysis July 1st $PEPE

24-hour trend [Sideways]

[Buy and sell points]

Buy point 1: 0.00001050 USDT (close to the low of 0.00001082 on June 30, 2024, with support)

Buy point 2: 0.00001000 USDT (integer mark, close to the lower edge of the previous fluctuation range, with strong support)

Buy stop loss point: 0.00000980 USDT (20 basis points below buy point 2 to prevent falling below important support levels)

Sell point 1: 0.000 01200 USDT (close to the EMA30 moving average position, and near the recent high point, there is selling pressure)

Selling point 2: 0.00001300 USDT (close to the high point of 0.00001307 on June 25, 2024, there is obvious pressure)

Short stop loss point: 0.00001320 USDT (20 basis points above the selling point 2, to prevent breaking through the key pressure level)

[Price trend analysis]

K-line pattern:

The recent K-line shows a volatile downward trend, especially from June 28 to July 1, 2024, with many long upper shadows and negative lines. The high point of 0.00001307 on June 25, 2024 formed an obvious selling pressure level, while the low point of 0.00001082 on June 30, 2024 became a short-term support.

Technical indicators:

MACD: Both DIF and DEA are below the zero axis, and the values ​​are close, indicating that the market is in a weak consolidation stage. The MACD histogram shows a weak positive value, but the overall momentum is insufficient.

RSI: RSI14 is currently 46.36, which is in the neutral area and has not entered the overbought or oversold range, indicating that the market has no clear direction for the time being.

EMA: EMA7 (0.00001174) has fallen below EMA30 (0.00001199) and is far away from EMA120 (0.00000948), indicating that there is a risk of further price declines in the short term.

Volume:

The volume gradually decreased from June 26 to July 1, 2024, from 27000614561598 to 12259726193113, indicating that the market activity is reduced.

On June 25, 2024, the trading volume reached 40507406017830, the highest in recent times, and then the trading volume dropped significantly, suggesting that the strength of both long and short sides weakened.

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