$PEPE 4 hour technical analysis

The PEPE/USDT 4-hour chart shows the price currently at 0.00001177, down by 3.52%. The moving averages (MA) and exponential moving averages (EMA) indicate a bearish trend. The MA(99) is at 0.00001172, while the shorter-term EMA(7) and EMA(25) are at 0.00001191 and 0.00001206, respectively. The price is below these averages, suggesting a downtrend.

The Bollinger Bands show that the price is near the lower band (0.00001158), indicating potential oversold conditions. This could suggest a possible bounce back if buying pressure increases. The middle band is at 0.00001234, which might act as immediate resistance.

The MACD (Moving Average Convergence Divergence) histogram is negative, with the MACD line at -0.00000013 and the signal line (DEA) at -0.00000010. This further supports the bearish outlook. However, the histogram bars are decreasing, which could indicate weakening selling pressure.

The RSI (Relative Strength Index) is at 36.90, which is below the neutral 50 level but above the oversold threshold of 30. This suggests the asset is still in bearish territory but approaching oversold conditions.

For future trading strategies, consider entering a long position if the price shows a clear reversal signal near the lower Bollinger Band around 0.00001158, with a target around the middle band at 0.00001234. A stop loss just below the recent low at 0.00001138 would manage risk. For short positions, wait for a rally towards the EMA(25) around 0.00001206 and look for signs of a reversal downwards, targeting 0.00001158 with a stop loss above 0.00001250. #pepe⚡ #US_Inflation_Easing_Alert #IntroToCopytrading #ETH_ETFs_Approval_Predictions #Megadrop