Technical Analysis: $PEPE /USDT
Current Price: $0.00001706 (+1.91%)
Timeframe: 30m Chart (Binance)
Key Technical Levels
1. Target Achieved: $0.00001650 (Support Zone)
PEPE rebounded strongly from $0.00001650, confirming it as a significant support level.
2. Next Target (Upside): $0.00001800
A continuation of this bullish momentum could push the price toward the resistance at $0.00001800.
3. Next Target (Downside): $0.00001550
If rejected at $0.00001750-$0.00001800, the price may retest $0.00001550 for support.
Trading Strategy
Short-Term Traders:
Watch for a breakout above $0.00001750 to target $0.00001800. Book partial profits at resistance and place stop-losses below $0.00001650.
Long-Term Investors:
Accumulate near $0.00001550 to $0.00001600 for a long-term target of $0.00002000, aligning with PEPE’s recent recovery trend.
Indicators to Monitor:
Volume Spikes: For confirmation of a breakout above $0.00001750.
RSI Levels: Check for overbought conditions near $0.00001800.