📊 $PEPE /USDT Technical Analysis 🎯

technical analysis for the $PEPE /USDT pair, considering the current price, momentum, and three key target levels:


Current Price: 0.00002423 USDT

Trend: The pair is currently experiencing upward momentum (+2.45%) in the last 24 hours, but there’s also some bearish pressure in the short term, seen in the 15m (-0.47%) and 1h (-1.98%) timeframes.

Resistance Levels (Target Levels)

1. First Target: 0.00002470 USDT

Rationale: A slight resistance is expected near 0.00002470 based on previous price action. If the price can break through this level, it may signal a continuation to the next target.

2. Second Target: 0.00002510 USDT

Rationale: The price has been testing this resistance zone recently, and a breakout above this level could confirm a bullish move toward the next target.

3. Third Target: 0.00002550 USDT

Rationale: This is a major resistance level, where previous price spikes have been capped. A breakout above this could indicate strong bullish momentum, attracting more buyers.

Support Levels (Stop Losses)

1. First Support: 0.00002306 USDT

Rationale: This is the 24-hour low, where price may find some buying interest if it declines further.

2. Second Support: 0.00002280 USDT

Rationale: This support level has previously held the price during downswings. A failure to hold above this could indicate further downside risk.

Trade Signals

Buy Signal: When the price breaks above 0.00002470 and holds above this level for 15–30 minutes.

Sell Signal: If the price drops below 0.00002306 and fails to recover, consider taking profits or cutting losses.

Momentum

Bullish Momentum: If PEPE/USDT consistently breaks through resistance levels and holds above 0.00002470, we may see momentum shift towards further upside.

Bearish Momentum: If the price fails to sustain above 0.00002306, or falls below the support levels, bearish momentum could increase.

Recommendation

Short-term traders: Look for entry around 0.00002400 and target the first level at 0.00002470. If the price breaks above this, consider adding positions targeting the next levels.