#HotTrends

#PEPEALERT

Technical analysis of PEPE/USDT

data

Date: March 14, 2024

Time: 1:25 PM (EET)

Platform: Binance

Current price: 0.00000996 USDT

Highest 24 hours: 0.00001084 USDT

Low 24 hours: 0.00000837 USDT

24-hour volume: 135.29T PEPE (1.32B USDT)

Technical indicators

MACD Indicator: A bearish cross, indicating a possible price decline.

RSI: 33.94, indicating oversold area.

Stochastic Indicator: High K and D values ​​indicate a possible price reversal.

Order Chart: Buy orders exceed sell orders, indicating buying pressure.

Analysis

The PEPE/USDT pair is currently facing downward pressure, as evidenced by a bearish MACD crossover and the RSI rising into the oversold territory. However, buy orders outnumber sell orders on the order chart, indicating potential buying pressure.

Expectations

The price of the PEPE/USDT pair is likely to decline in the short term, with a possible test of the support level at 0.00000983 USDT. However, buying pressure from the order chart may push the price higher again.

The strategy

Bear Scalping: Investors who expect the price to fall can open a short trade at resistance levels.