#PEPE
4-hour timeframe analysis
1. Price action:
Current price is 0.00001786 with +1.48% increase.
There was fluctuation between 0.00001720 as the low and 0.00001844 as the high in the 24-hour period.
2. Technical indicators:
RSI: at 51.29 indicating a neutral zone (not in the overbought or oversold zone).
Stochastic RSI: at 57.30, which means there is moderate upward momentum.
MACD: showing a positive crossover, indicating the possibility of continuing the upward movement in the short term.
William %R: at -61.43, indicating that the price has not reached the overbought or oversold zone.
Bollinger Bands: The price is currently trading near the middle line, reflecting relative stability.
3. General trend:
The general trend shows attempts to stabilize after a drop from the 0.00002394 level to the low of 0.00001441.
The average purchase price of 0.00001731 indicates a possible balance between buyers and sellers at these levels.
4. Volume:
The trading volume shows a decrease in momentum compared to previous waves, which means that traders are waiting for confirmation of the upcoming trend.
Recommendation:
If you are a short-term trader, wait for a break of the resistance at 0.00001844 or the support at 0.00001720 to determine the direction.
If you are a long-term investor, entering at these levels while monitoring the support at 0.00001441 may be a reasonable strategy, as indicators indicate relative stability.