Key points to note 💥💥💥
PEPE/USDT Analysis must-read ⚠️⚠️🚀🚀
Let's talk about this volatile small cryptocurrency! The price is like a roller coaster, just dropped by 2.96%, earlier it shot up, and now it's consolidating and retracing, truly hard to grasp!
The short-term EMA (7) has been left behind, now it's hovering near EMA (25), the bullish momentum has weakened. RSI is also approaching the oversold zone, buying pressure has decreased, unless buyers step in, it will have to retrace.
Trading volume has also decreased, market activity is less, but it looks quite similar to the consolidation after the previous surge. Buyer interest has increased on the order book, but bullish sentiment is not strong; everyone is wondering: it's hard to predict the ups and downs!
However, the long-term trend is strong, having risen 107.80% in the past 90 days, and an impressive 1732.11% in the past year! Short-term volatility, but long-term investors are confident.
Currently, the short-term outlook is bearish, as the price is testing a lower EMA, and RSI is below 50. But the long-term outlook is positive, with the price far above the long-term EMA (99).
Key levels: Support at 0.00001753 and 0.00001771, Resistance at 0.00002037 and 0.00002597. The price dances between these numbers, so keep a close eye!
Market sentiment is unpredictable, and the price needs strong trading volume to reclaim 0.00002037 to confirm bullishness. There’s significant selling pressure, and it might need to retest the lower support levels.
Strategies need to be flexible; for bullish, wait for a breakthrough at 0.00002037 with strong trading volume; for bearish, watch if the price closes below 0.00001771.
The world of cryptocurrency is both loved and hated! One must stay alert, observe, and analyze to find direction in the turbulent sea!
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