Based on this 4-hour chart for PEPE/USDT, the following can be observed:
Key Points:
1. Current Price: $0.00002095.
2. Recent High: $0.00002597, indicating a sharp upward rally.
3. Support Levels:
Strong support appears around $0.00001221 (your average buy price).
The rally began near $0.00000699, another potential major support.
4. Resistance:
The recent high of $0.00002597 may act as a resistance zone in the short term.
Price Prediction:
If momentum continues, breaking above $0.00002597 could push the price toward $0.00003000 or higher.
However, if bearish pressure increases, a retracement toward $0.00001500 or even the average buy price level of $0.00001221 is possible.
Considerations:
Volume: High trading volume (57.14T PEPE) suggests active interest, but a decrease might signal consolidation or retracement.
