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$PEPE Currency recommendations
General trend:
Current price: 0.00002436 🔼 (+3.31%).
The chart indicates a sideways movement with a slight bearish bias in the short term after the price reached the resistance at 0.00002836.
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Technical indicators:
1. RSI (Relative Strength Index):
Current value: 31.31.
It indicates an oversold condition, which may mean that the price is close to a bounce if demand starts to increase.
2. MACD:
DIF: 0.0000015
DEA: 0.0000026
The indicator reflects weak positive momentum, suggesting that the recovery could be slow unless volumes increase.
3. Stochastic RSI:
Current value: 0.00 ⚠️.
At a very low level, reflecting a decrease in momentary momentum, and perhaps the price approaching a reversal point.
4. Volume:
Current size: 876.91 billion.
Volume is relatively high, which could mean the price is at high levels of interest, especially near support.
5. Moving Averages (MA):
MA(7): 0.00002477 (nearest resistance).
MA(25): 0.00002474.
The price is close to its averages, indicating a sideways movement waiting for a breakout or breakout.
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Main levels:
Support:
1. 0.00002288 (Instant Support) 🛡️.
2. 0.00002034 (major and strongest support).
Resistance:
1. 0.00002477 (resistance from 7-day average).
2. 0.00002582 (strong resistance).
3. 0.00002836 (recent high).
Possible scenarios:
1. Ascent scenario:
If the price breaks 0.00002477 with increased volume, it may target the next resistance at 0.00002582 and possibly exceed it towards 0.00002836 $PEPE .
2. Landing scenario:
If it breaks the support at 0.00002288, it may drop to 0.00002034, where strong demand could emerge.
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Recommendations:
1. For buyers:
Buy at support 0.00002288 if strong bounce signs appear.
Entry is possible after confirmation of the breakout of 0.00002477 with a large trading volume.
2. For Sellers:
Profit can be taken at the resistance 0.00002582 or at 0.00002836 if the price reaches it $PEPE .
3. Risk Management:
Place stop loss orders below the support level 0.00002288 to avoid big losses.