🚀 Technical Analysis Update on PEPE! 🚀

Hey Binance Community! 📈

I've been keeping a close eye on $PEPE /USDT, and here's what my latest technical analysis reveals on the 1-hour chart:

🔍 Moving Averages:

- MA(7): 0.00001181

- MA(25): 0.00001168

- MA(99): 0.00001205

The short-term MA(7) is just below the price, suggesting some upward momentum, but keep an eye on the medium (MA(25)) and long-term (MA(99)) moving averages, which indicate a broader bearish trend.

📊 Volume Insights:

- We've seen significant volume spikes during the rise to 0.00001315, showing strong interest at these levels.

- Recent lower volumes hint at consolidation – a potential buildup for the next move!

📉 MACD (Moving Average Convergence Divergence):

- DIF: -0.00000002

- DEA: -0.00000009

- MACD: 0.00000007

MACD is showing signs of bearish momentum fading, but we're waiting for a clear bullish crossover.

📈 RSI (Relative Strength Index):

- RSI(6): 68.34

Approaching overbought territory but not there yet – room for more gains before a potential pullback!

🔥 Key Levels:

- Support: 0.00000826 – Recently tested and held strong.

- Resistance: 0.00001315 – Watch for a breakout here to confirm bullish momentum.

Summary:

PEPE/USDT shows potential for a short-term recovery! 🚀 Keep an eye on the key resistance at 0.00001315. A break above this could signal a bullish continuation. Stay cautious of the broader bearish trend and watch the support level at 0.00000826.

Trade wisely and stay tuned for more updates! 📉📈

Happy Trading! 💹

#Binance #PEPE #CryptoAnalysis #TechnicalAnalysis #CryptoTrading