$PEPE
Technical Analysis:
Current Price: $0.0000119
Timeframe: 1 hour chart
Trend: Neutral
Support:
$0.0000115 (strong support)
$0.0000110 (medium support)
Resistance:
$0.0000125 (strong resistance)
$0.0000120 (medium resistance)
Indicators:
Relative Strength Index (RSI): 45.62 (neutral)
Bollinger Bands: slightly expanded, indicating increased volatility
Moving Averages: 50-period MA at 0.0000117, 100-period MA at 0.0000115
Analysis:
Pepe (PEPE) is currently in a neutral trend with slight signs of downward bias. The price is hovering around the strong support level of 0.0000115, which has been tested several times in the past. If this level is broken, it may fall further to the intermediate support level of 0.0000110.
On the other hand, if the strong resistance level of 0.0000125 is broken, it may trigger an upward trend towards the intermediate resistance level of 0.0000120.
The current value of RSI is 45.62, indicating neutral market sentiment. The Bollinger Bands have slightly expanded, indicating increased market volatility. The moving averages also show a neutral trend, with the 50-period moving average slightly above the 100-period moving average.
Recommendation:
Based on the above analysis, it is recommended not to make any trading decisions before a clear breakthrough above the strong resistance level of 0.0000125 or a break below the strong support level of 0.0000115 occurs.
As an investor who has been working in the cryptocurrency circle for many years, I am willing to share my experience and insights with you. If you are interested in the cryptocurrency circle, but don’t know how to start, you may wish to follow my homepage and discuss the mysteries and future possibilities of the cryptocurrency circle with me. Click on the avatar introduction to find me.
