Analysis of PEPEUSDT (Perpetual) with Predicted Value
Current Overview
Current Price: 0.0128949 USDT, down by -2.49% on the 1-hour chart.
EMA Levels:
EMA(7): 0.0129550 (close to current price)
EMA(25): 0.0130275 (above current price, showing a short-term downward trend)
EMA(99): 0.0121033 (providing long-term support)
Indicators
1. MACD:
The MACD line (0.0000299) is slightly above the signal line (DEA: 0.0001454), indicating minor bearish momentum. This could suggest a potential continuation of the downtrend if it doesn’t cross above soon.
2. RSI:
Current RSI(6) is at 43.09, which is in a neutral range but leaning toward the oversold territory. This could signal a buying opportunity if it dips further or holds at current levels.
3. Stochastic RSI:
Stochastic RSI is at 3.31, indicating the asset is significantly oversold. A potential reversal might be near if the trend picks up.
Volume Analysis
Volume: 383,784,306,000 (decreasing, indicating weakened interest).
Moving Average Volume (MA):
MA(5) is 7,084,928,496,800.
MA(10) is higher at 12,803,618,132,700, suggesting a declining volume trend. A resurgence in buying volume is necessary for a strong upward move.
Predicted Value and Outlook
Considering the oversold levels on the Stochastic RSI and a potentially stabilizing RSI, we might see a reversal in price. If buying volume increases, PEPEUSDT could retest the EMA(25) level of 0.0130 USDT as a short-term target. However, if bearish momentum continues, support at the EMA(99) around 0.0121 USDT may be tested.
Predicted Short-term Range:
Bullish Target: 0.0130 USDT
Bearish Support: 0.0121 USDT