$PEPE

Detailed analysis of the PEPE/USDT 4-hour chart based:🔎

1. Current Price Trend 📈

•Current Price: $0.00002001 (+7.23%)

•The price is showing bullish momentum, as indicated by a green candlestick closing above the immediate resistance zone of $0.0000182.

2. Key Support and Resistance Levels 🛑🟢

•Resistance:

•Major resistance at $0.00002836 (previous local high).

•Minor resistance at $0.00002182.

•Support:

•Strong support lies at $0.00001425.

•The lowest wick touches $0.00000771, indicating long-term stability.

3. Indicators Breakdown 📊

•Volume (VOL):

•Volume is significant at 519.97M USDT, suggesting strong participation.

•Moving Averages (MA):

•Short-term averages are beginning to slope upward, confirming bullish momentum.

•MACD:

•Likely showing a crossover in the bullish zone, indicating an upward push.

•RSI:

•RSI is likely climbing, but it hasn’t yet reached overbought levels, signaling room for further growth.

4. Bullish Signals 🚀

•A breakout from $0.00002182 resistance could lead to an upward surge, targeting $0.00002836 and beyond.

•Green candlesticks with increasing volume suggest buyers are stepping in.

5. Bearish Risks ⚠️

•A drop below $0.00001425 could trigger a deeper correction to $0.00000771.

•Overbought RSI in later candles could lead to profit-taking.

6. Strategy Recommendations 🛠️

•For Longs:

•Enter above $0.00002182 with a target of $0.00002836.

•For Shorts:

•Consider shorting if the price falls below $0.00001425.

•Stop Loss:

•Tight stop-loss at $0.000018 to manage risk.