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$PEPE Currency recommendations
General trend
The current trend is showing a horizontal movement with some bullish bias after testing the bottom at 0.00002034 and bouncing higher.
Current price: 0.00002358
Change over 24 hours: +0.55%
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Moving Averages (MA)
MA(7): 0.00002331 🟡 -> Short term support.
MA(25): 0.00002331 🟠 -> Price is consolidating at this level.
MA(99): 0.00002405 🔵 -> Long term resistance.
Conclusion: The price is facing resistance at the 99 moving average but has found support at the lower moving averages.
Technical indicators
1. Relative Strength Index (RSI)
Current value: 62.56 🟡 -> Upward momentum but not in overbought territory yet.
2. Stochastic RSI
Values:
K: 80.83
D: 70.14
The indicator is close to the overbought zone, which means a slight correction is likely soon $PEPE .
3. MACD indicator
DIF: -0.00000008
DEA: -0.00000015
MACD: 0.00000007
Conclusion: The indicator is slightly positive with an attempt to enter an upward momentum.
4. Williams %R Indicator
Current value: -10 🔻 -> Strong overbought, which may lead to a temporary correction.
5. Trading Volume (VOL)
Current Volume: 358.57M -> Strong trading volume showing increasing demand.
OBV: 258.41B -> Good buying momentum.
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Support and resistance
First support: 0.00002331 (MA7 and MA25) 🟢
Second support: 0.00002034 ⚠️ (Major bottom).
First resistance: 0.00002405 (MA99) 🟠
2nd resistance: 0.00002582 (previous high).
Possible scenarios
Positive scenario
If the price breaks the resistance of 0.00002405, it may target $PEPE :
0.00002582 as first target.
0.00002836 as a subsequent strong top.
Negative scenario
Failure to hold support at 0.00002331 may push the price down towards:
0.00002200
0.00002034
Conclusion and recommendations 📌
Current trend: Upward sloping.
Recommendation:
Watch for a breakout of 0.00002405 to enter trades.
buying.
Stop loss at 0.00002250 to reduce risk.
In case of overbought (confirmed by Williams %R), a slight correction may occur.