Chart Overview

Pairing: PEPE/USDT on Binance.

Timeframe: Weekly (1W).

Current Price: 0.00002075 USDT, up +0.14%.

Volume: 3.95T (trillion, probably in terms of tokens traded).

RSI: RSI bands set at (14, 70, 30).

Technical Analysis

1. Overall Trend

The chart shows a strong bullish trend since mid-2024 with a sharp rally followed by corrections.

The recent correction seems to be stabilizing around the current area (0.00002075 USDT).

2. Support and Resistance Levels

Key supports:

0.00001600 USDT: Former consolidation area before the rally.

0.00001200 USDT: Intermediate support area observed previously.

Key Resistances:

0.00003000 USDT: Local top, representing a profit-taking zone.

0.00002200 USDT: Immediate zone to break for a bullish recovery.

3. RSI (Relative Strength Index)

The RSI seems in a neutral zone (probably around 50), which indicates a balance between buyers and sellers. We will have to watch for an exit towards the overbought (>70) or oversold (<span zone.

4. Volume

Volumes are high (3.95T), suggesting significant interest in the pair. However, a more detailed analysis would be necessary to see if this is accumulation or distribution.

5. Outlook

If the pair manages to break above 0.00002200 USDT with sustained volume, a new bullish movement could take shape.

Conversely, a break below 0.00001600 USDT could signal a further bearish correction.