From the 4-hour K-line chart of PEPE, the price is leaning towards a bearish trend after experiencing a period of fluctuating adjustments, with further pullback risks. Below, combining K-line, moving average system, and overall market dynamics, we provide reasonable operating suggestions and strategies for today.

Yesterday's performance:

PEPE price has gradually declined from the 0.024000 level, breaking below MA30 (0.0235156), with downward momentum increasing.

Key levels:

Short-term support: 0.022000 (previous low point).

Upper pressure: 0.023500 (MA30 moving average resistance level).

Market sentiment: Bears slightly dominate, short-term bullish support is weak; if the decline cannot be stopped, the price may further explore the bottom.

Technical analysis

Moving average system:

MA7 (white line) and MA30 (yellow line) form a death cross, indicating a short-term bearish trend.

MA100 (purple line) operates around 0.0231065; the current price has fallen below this level, indicating a lack of obvious market support.

Price structure:

The price has been continuously closing in the red, with bearish strength dominating, increasing the risk of breaking below 0.022000.

Technical indicators:

RSI: Below 40, indicating the price is leaning towards a weak area, with insufficient momentum.

MACD: Bearish momentum bars continue to expand, dual lines diverging downwards, with a high probability of short-term pullback.

Operating strategy and level settings

Direction one: Bullish (rebound correction)

Opening position: 0.022000-0.022200 (rebound after testing support)

First take profit level: 0.023000 (previous rebound high point)

Second take profit level: 0.023500 (MA30 moving average resistance)

Stop loss level: 0.021800 (stop loss on breaking support)

If the price stabilizes around 0.022000, indicating effective support, a rebound may occur in the short term, allowing for small position long entries.

Direction two: Bearish (continuation of decline)

Opening position: 0.022300-0.022400 (open short after rebounding resistance)

First take profit level: 0.021800 (support level below)

Second take profit level: 0.021500 (previous low point, further confirmation of the downtrend)

Stop loss level: 0.022700 (stop loss on breakthrough resistance)

If the price rebounds to around 0.022400 and meets resistance, it indicates that the bears still dominate; it is recommended to short on high.

Risk of breaking support: If the price falls below the key support of 0.022000, bearish momentum will further strengthen, and timely stop loss is necessary.

Possible fluctuations: If the market falls into narrow fluctuations, patience is required during operations to wait for signal confirmation, avoiding frequent trades.

Key focus on the 0.022000 support and 0.023500 resistance range, combining market trends and volume changes for reasonable layout, ensuring risk control and flexible response!

A fluctuating market is a battleground for experts, and key levels are your weapons. Follow Mr. Qiu for real-time professional advice, dance with the market, and win easily!

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