🚨🚨$PEPE Analysis and Recommendation👇
SELL short term
The PEPE/USDT chart shows a significant recent rally but now faces notable corrections. Here's a detailed analysis for both short-term and long-term traders:
Technical Analysis
1. Current Price: $0.00002152 (down 7.80%).
2. Recent High: $0.00002836 (indicative of strong resistance).
3. Support Levels:
Immediate Support: $0.00002125 (recent low).
Stronger Support: $0.00001298 (historical key level).
4. Resistance: The major resistance lies at $0.00002836.
5. Moving Averages:
MA (7) at $0.00002333: The price has fallen below this short-term moving average, indicating a bearish signal.
MA (25) at $0.00002219: Price is approaching this level; breaking below it could confirm a stronger downtrend.
MA (99) at $0.00001394: Long-term trend remains bullish, as the price is still far above this level.
Short-Term Analysis (Days to Weeks):
Trend: The recent decline below the MA (7) signals a short-term bearish correction.
Recommendation: Avoid buying now. Short-term traders can wait for a clearer bounce from support or look for a breakout above $0.00002333 before entering long positions. If the price rejects further, shorting opportunities may arise but come with higher risk.
Long-Term Analysis (Months):
Trend: The chart reflects strong long-term upward momentum, with the 99-day MA far below the current price.
Recommendation: Long-term investors could consider dollar-cost averaging (DCA) if the price approaches the $0.000018-$0.000013 range. This range offers stronger long-term support. A breakout above $0.00002836 will confirm renewed bullish momentum.