$PEPE Currency Analysis on 4-hour timeframe:
Detailed analysis of the past currency pair. The price indicates a decrease of 1.79%, which
Analysis of technical indicators:
* Moving averages: Moving averages of different time periods (MA7, MA25, MA99) indicate a sideways trend with a slight tendency to decline, as the price moves below some of the averages. This indicates that the overall momentum of the market is slightly bearish.
* Relative Strength Index (RSI): The RSI is at the level of 46.86, which indicates that the momentum of sellers is slightly stronger than that of buyers. However, this level is still within the neutral range, indicating that there is no strong selling or buying pressure.
* MACD and KDJ indicators: The MACD and KDJ indicators indicate a slight bearish momentum, but they are still in the neutral zone, indicating that the downward trend may be subject to change.
Conclusion:
* Slightly bearish: The analysis suggests that the PEPE/USDT pair is moving in a slight downtrend at the moment.
* Limited selling momentum: The RSI indicator indicates limited selling momentum, which may indicate that the current decline may be correctable.
* No strong signals: There are no strong signals to indicate that the downtrend will continue in the long term.